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    Ibt Finals Exam

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    Jalyn Jalando-on
    This document contains definitions for key terms related to international business and trade that may appear on a final exam. Some of the terms defined include corruption, bribery, transparency, consumer markets, business markets, purchasing power parity, global account management, market segmentation, and per capita income.

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    Ibt Finals Exam

    Uploaded by

    Jalyn Jalando-on
    143 views1 page
    This document contains definitions for key terms related to international business and trade that may appear on a final exam. Some of the terms defined include corruption, bribery, transparency, consumer markets, business markets, purchasing power parity, global account management, market segmentation, and per capita income.

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    This document contains definitions for key terms related to international business and trade that may appear on a final exam. Some of the terms defined include corruption, bribery, transparency, consumer markets, business markets, purchasing power parity, global account management, market segmentation, and per capita income.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    143 views1 page

    Ibt Finals Exam

    Uploaded by

    Jalyn Jalando-on
    This document contains definitions for key terms related to international business and trade that may appear on a final exam. Some of the terms defined include corruption, bribery, transparency, consumer markets, business markets, purchasing power parity, global account management, market segmentation, and per capita income.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    INTERNATIONAL BUSINESS AND TRADE – FINAL EXAMINATION

    1. It is operationally defined as the misuse of 11. It is the process of dividing a market of potential
    entrusted power for private gain. customers into groups, or segments, based on
    Corruption different characteristics.
    Segmentation
    2. It is giving something of value to an individual in
    a position of trust to influence judgment or 12. Search the world for products used in a single
    behavior. market.
    Bribery National global buyers

    3. Search the world for products used throughout 13. It is one which includes purchases by
    their global operations. government units-federal, state, and local-that
    Multinational global buyers procure or rent goods and services in carrying
    out the main functions of the government.
    4. It can be defined as a principle that allows those Government market
    affected by administrative decisions, business
    transactions or charitable work to know not 14. Extender strategy is used by
    only the basic facts or figures but also the Local firms
    mechanisms and processes.
    Transparency 15. Creating advertising campaigns to strengthen
    association is a strategy used by
    5. Pertains to buyers who purchase goods and Foreign firms
    services for consumption rather than resale.
    Consumer market 16. The encouraging of competition where prior
    monopolies or strict controls existed.
    6. The selling of products and services to other Market liberalization
    businesses to be resold or used to make other
    items or services for sale. 17.
    Business market

    7. The value of currency expressed in terms of the


    amount of goods or services that one unit of
    money can buy.
    Purchasing power parity

    8. Marketers assign special executive or teams to


    address demanding global buyers.
    Global account management

    9. Segments in international markets that


    resemble a firm’s domestic buyers.
    Just-like-us segment

    10. It is the measure of the amount of money


    earned per person in a nation or geographic
    nation.
    Per capita income

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