An American manufacturer launches a product line that offends many customers in Middle Eastern countries where the product line is considered inappropriate. This is an example of .
A. product adaptation.
B. nationalization.
C. cultural imperialism.
D. globalization.
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Wal-Mart’s buying office just purchased leather belts for $30.00 each. They want a 20% markup at retail on the belts. What retail price should they charge?
A. $35.00
B. $36.50
C. $37.50
D. $39.00
Taxes levied on imports into a country are called:
A. Tariffs
B. Quotas
C. Duties
D. Barriers
This kind of economic cooperation makes it necessary for a foreign firm to enter a member country with the least non-tariff restrictions.
A. Free trade area.
B. Custom union.
Common market
D. Political union
Which world organization monitors trade and resolves disputes?
A. WTO
B. GSP
C. WORLD BANK
D. UNCTAD