In which situation below would a marketer be most likely to utilize a product adaptation strategy to succeed in a global marketplace? O Operating restaurants or food service outlets O Manufacturing heavy equipment for industrial use. O Selling an aspirational, luxury-type product with an exclusive brand name All of the above Question 13 Which of the below are true of market groupings: They are alliances among countries that agree to work together enhance trade among themselves O They generally include countries with common borders or countries relatively close to one another O The European Union and the North American Free Trade Association are considered market groupings O All of the above 1 pts The culture of a country is composed of elements such as Values and religion; social behavior Laws and regulations; trade policy O Household income and GDP; purchasing behavior Government structure and stability; property rights which influence Bribes and kickbacks to officials and bureaucrats are common business practices in Russia. American businesspeople are forbidden by from engaging in such practices. O The Consumer Protection Act The Foreign Corrupt Practices Act O An agreement between the US and Russia O An international agreement which is part of World Bank membership Question 22 The provides financing to offers low interest loans to developing nations while the troubled countries and acts as a "lender of last resort" when a country is in serious financial difficulty. O World Bank; International Monetary Fund O Federal Reserve; Bank of the United Nations O International Monetary Fund; World Bank O International Reserve; International Credit Organization 1 pts The practice of "dumping" involves the sale of an exported product at a price much lower than prices for a like product in the home country's market. Dumping may: O Be a temporary strategy to increase overseas market share Cause serious disagreements with countries in which product is dumped O Result in additional duties or fines from countries in which product is dumped O All of the above Question 28 Firms selling appliances in the EU often expect to utilize a global standardization strategy but ultimately are unsuccessful because: O The cultures of many European countries have different customs and habits that influence how they cook and clean. O Distribution capabilities in many EU countries remain undeveloped, making it difficult to reach certain consumers. O Regulations governing appliance configurations are very different in each country in the EU. O All of the above. 1 pts