Choose Correct answer The advantages frequently associated with entering a marke

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The advantages frequently associated with entering a market early are known as “first mover advantages", the disadvantages are known as “first-mover disadvantages”. 35/ The term “switch trading" refers to the direct exchange of goods and/or services between two parties without a cash transaction. T/F 36/ The single most important deciding factor of where to locate a foreign manufacturing facility is: labor cost. T/F T/F 37/ The “minimum efficient scale" of output is reached when the level of output of a specific factory has exhausted any further scale economies. 38/ If the “minimum efficient scale" of a single plant exceeds global demand, one should not T/F open a second plant. 39/ Electronic Data Interchange (EDI) is the most critical method today to coordinate the flow of T/F materials from suppliers, to manufacturing, etc. all the way to the customers. 40/ Because different countries exhibit different patterns of purchasing behavior, firms often T/F adjust their Marketing Mix from country to country. 41/ After all the rhetoric by candidate Trump wanting to create tariffs on imports from Mexico T/F and China, president Trump is turning on Canada and their protection of their dairy farmers against imports of milk from the USA, causing the first “trade action” by the Trump presidency. T/F 42/ A short distribution channel is typically associated with a higher cost. T/F 43/ The main argument against “globally standardized advertising” is that cultural differences between nations are such that what works in one nation can fail miserably in another. T/F 44/ An inpatriate is an expatriate who has returned to the “home” country. T/F 45/ Failure rates of Japanese expatriates are much higher than European or US expatriates. T/F 46/ Organized labor has less influence with a multinational company than with a strictly domestic company. T/F 47/ Japanese multinational companies often object to work practices enforced by local unionsT/F 48/ Germany is one of the countries where the national government has historically been an important provider of capital. T/F 9/ International accounting norms are converging under the rules set by the FASB. T/F

Explanation / Answer

34) True. The advantages frequently assocoiated with entering a market early are known as First Miver Advantages and, the disadvantages are known as first mover disadvantages.

35) False. Because switch trading refers to practice in which one company sells to another its obligation to make a purchase in a given country.

36) True . The single most important deciding factor of where to locate a foreign manufacuring facility is : labor cost. This is because labour cost constitutes the major portion of toatl cost.

37) True. The minimum efficient scale of output is reached when the level of output of a specific factory has exausted any further scale economies.

38) True. If the minimum efficient scale of a single plant, exceeds global demandone should not open a second plant.

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