1. Wholly owned foreign operations offer the greatest product line flexibility, whereas exporting offers the least product line flexibility.

True or False

2. Generally, the more direct the foreign market entry method, the fewer the control problems.

True or False

3. Population and income levels are important but not the most critical indications of consumer market potential.

True or False

4. Capitalism assumes perfect competition based on transperancey of information and that the lack thereof may lead to a lower level of unethical behavior.

True or False

5. Culture is a set of inherited traits.

True or False

6. The political enviroment of international marketing includes any national or international political factor that can impact a firms operations.

True or False.

7. There are five phases of product life cycle theory of international trade

True or False

8. Generally the smaller the firms visibility in a country the less the political risk.

True or False

9. A firm has more flexibility in responding to an import quota than to a tariff.

True or False

10. The more dependent the subsidiary is on the parent, the more the political risk.

True or False