Answer the following statement(s) true (T) or false (F)
1. The Maastricht Treaty formally established the trade area in North America
2. )North America, South America and Africa are the three spheres of economic influence that are most dominant in the global environment.
3. The goal of the unified Europe is to strengthen Europe's economic position vis-à-vis the United States.
4. Japan is America's third largest export market and the fourth largest source of American imports.
5. NAFTA created one of the world's largest trading blocs.
1. False
2. False
3. True
4. True
5. True
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A producer of sports equipment offers its retailers a 2 percent price reduction on all purchases if the dealer advertises the products locally. Apparently, the producer is using
A. "push money." B. a functional allowance. C. a cash discount. D. a trade discount. E. an advertising allowance.
Often, international researchers must collect their own primary data because ________
A) reliable secondary data is both scarce and difficult to find B) information from commercial online databases is unreliable C) it is cheaper to obtain primary data than secondary data D) it is easier to obtain primary data than secondary data E) it is illegal in some countries to track customer data