Question 21 1 points Save Best Brews buys coffee beans grown in South American a

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  Question   21

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Best Brews buys coffee beans grown in South    American and has them shipped to the U.S. for sale in their high-end coffee    shops. In this example, Best Buys is _________ coffee.       

importing           

buying back           

brokering           

exporting           

servicing
     
     

  Question   22

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In 1999, the U.S. charged companies from    Japan and Brazil with __________ for selling steel at prices 70% below its    normal value.       

bribery           

setting up a cartel           

setting quotas           

dumping           

globalization
     
     

  Question   23

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Wal-Mart is an example of a(n)       

exporter.           

government agency.           

multinational firm.           

international firm.           

strategic alliance.
     
     

  Question   24

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Which of the following international    organizational strategies often represent several firms at once and usually    do not specialize in a particular product or market?       

licensing arrangement           

independent agent           

branch office           

royalty arrangement           

strategic alliance
     
     

  Question   25

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Selling a product abroad for less than the    cost of production is referred to as       

setting up a business office.           

setting up quotas.           

dumping.           

imposing tariffs.           

direct foreign investment.
     
     

  

  Question   21

     

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Best Brews buys coffee beans grown in South    American and has them shipped to the U.S. for sale in their high-end coffee    shops. In this example, Best Buys is _________ coffee.       

     

       

               

importing           

         

               

buying back           

         

               

brokering           

         

               

exporting           

         

               

servicing
     
     

        

Explanation / Answer

21) IMPORTING

22) DUMPING

23) MULTINATIONAL FIRM

24) ROYALTY ARRANGEMENT

25) DUMPING

***I can say 21, 22, 23, 25 are 100% correct answers, but 24 answer is 80% correct***

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