One of the major questions that a company must typically answer once it has decided to go global is

Q: Which trade agreement represented the most significant change to the regulations governing global trade during the 1990s?

Birth of the WTO The WTOs creation on 1 January 1995 marked the biggest reform of international trade since the end of the Second World War. Whereas the GATT mainly dealt with trade in goods, the WTO and its agreements also cover trade in services and intellectual property.

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Which of the following should be a key issue for a company once it decides to go global?
What is the correct sequence for the phase model of globalization?
Which of the following statements is true of global consistency quizlet?
Which trade agreement represented the most significant change to the regulations governing global trade during the 1990s?

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Chapter 7 - Global Management

1. Canadians are able to purchase teas from Asia, furniture from Mexico, and receive help from a customer

service agent in the Philippines. Canadian companies can export their Canadian-made products for people all

over the world to enjoy. What does all of this activity exemplify?

a. global business

b. foreign direct investment

c. multinational

corporations

d. trade agreements

ANSWER: a

2. In which method does a company build a new business or buy an existing business in a foreign country?

a. strategic alliance

b. foreign direct investment

c. global new venture

d. joint venture

ANSWER: b

3. Which of the following countries has the largest foreign direct investment in Canada?

a. China

b. Scotland

c. Mexico

d. United Kingdom

ANSWER: d

4. Nestlé is a company based in Switzerland with manufacturing plants in Colombia, Australia, Canada, Egypt,

Kenya, and more than 90 other nations. What type of company is Nestlé an example of?

a. multidomestic global company

b. multinational corporation

c. ethnocentric organization

d. acculturated corporation

ANSWER: b

5. Canada restricts goods that can enter the country, and charges an 11 percent tax on sweetened waters from

most countries. What, in other words, does Canada impose on sweetened waters?

a. import quotas

b. customs classifications

c. import standards

d. tariffs

ANSWER: d

6. Europe boycotts Canadian seal products because they argue hunting seals for fur is inappropriate. What is this