Question 21 (1 point)

Cultural differences across countries matters most when the products _______________

Question 21 options:

	have a low value-to-weight ratio
	labour costs are material to the final price
	are extracted from petroleum
	have a high linguistic content

Question 22 (1 point)

Cultural distance matters more for firms in the __________________________ industry than for firms in the _______________________ industry.

Question 22 options:

	petroleum, media
	consumer goods, cement
	paper products, financial services
	heavy duty equipment, automotive

Question 23 (1 point)

Where countries share a common currency, trade is most likely to be _________________ among the trading countries.

Question 23 options:

	lower
	higher
	covered by a free trade agreement
	restricted by governments

Question 24 (1 point)

One of the motivations for firms to internationalize is to _______________

Question 24 options:

	stabilize input costs
	take advantage of the declining cost of ocean transport
	lower the cost of procurement
	lower the cost of production

Question 25 (1 point)

Three factors are thought to determine the likelihood of a competitor responding to the strategic move of a firm. Awareness of the move is one factor, ___________________ and ____________________ are the other two.

Question 25 options:

	potential impact on the CEO's annual bonus, qualifications of the Board members
	motivation, capability
	mentoring opportunities, convenience
	government regulations, company policies