Question 11 (4 points) The North American Free Trade Agreement is an example of
ID: 336332 • Letter: Q
Question
Question 11 (4 points)
The North American Free Trade Agreement is an example of what level of regional integration?
Question 11 options:
Economic Union
Free Trade Area
Common Market
Political Union
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Question 12 (4 points)
Google Translate is a tool that can be embedded into a website for online translation of webpages. This is recommended because:
Question 12 options:
It allows foreign visitor know you are open to doing international business
Bad translations will blamed on the translator tool, not your company
It does not immediately imply that your company operates in foreign languages
All of the above
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Question 13 (4 points)
At a minimum, company websites who wish to market themselves internationally should have culturally neutral website. Identifying and eliminating references specific to only that company's domestic market in their website(s) content is a concept known as:
Question 13 options:
Website Interpretation
Website Globalization
Website Localization
Website Evaluation
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Question 14 (4 points)
When doing business internationally, modern technology has largely eliminated the need for in-person and personal interaction.
Question 14 options:
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Question 15 (4 points)
When choosing a market entry strategy, a primary factor among companies on which strategy to choose is:
Question 15 options:
The risk factors of employment and labor law
The financial strength and size of the company
All the above
The size of the target market
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Economic Union
Free Trade Area
Common Market
Political Union
Explanation / Answer
Question 11
The correct answer is "Economic Union".
NAFTA was implemented in 1994 and created world's largest free trade zones resulting in economic growth of Canada, U.S and Mexico. NAFTA helped in eliminating trade barrier and investment barrier between these countries.
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