Chapter 9 Global Marketing Management: Planning and Organization
True/False Questions
7.
Strategic planning is conducted at the highest levels of management and deals with product, capital,
and research, and long-term and short-term goals of the company.
Answer: True Type: Definition
11.
With respect to the international planning process, the marketing plan begins with a situation
analysis and culminates in the selection of an entry mode and a specific action program for the
market.
Answer: True Type: Comprehension
12.
With indirect exporting the company sells to a customer in another country.
Answer: False Type: Definition
13.
Ralph Means' company has decided that it would like to export products to Japan. In order to do this,
Mr. Means will sell his company's products to a Japanese distributor who in turn will sell (export)
the products to the Japanese consumers.
This form of exportation is called indirect exporting.
Answer: True Type: Application and Definition
14.
Patent rights, trademark rights, and the rights to use technological processes are granted in foreign
licensing.
Answer: True Type: Fact and Definition
15.
A form of licensing is multiple-layer exporting.
Answer: False Type: Definition
16.
One of the types of franchise agreements used in international marketing is licensing.
Answer: True Type: Comprehension
17.
A business relationship established by two or more companies to cooperate out of mutual need and
to share risk in achieving a common objective is called a strategic international alliance (SIA).
Answer: True Type: Definition
20.
Mike Jordan's company has just entered into an agreement with a German firm that will create a
separate legal entity. This new firm will be allowed to conduct business and actively compete in the
European Union's various markets.
A good description of th
e new company would be a “joint
venture.”
Answer: True Type: Application and Definition
Multiple Choice Questions
27.
With respect to global marketing management, the argument for managing in international arena for