Scenario - Atlantic Camera & Film Company

question 28

Multiple Choice

Scenario - Atlantic Camera & Film Company
The Atlantic Camera & Film Company has been in operation since the early 1970s.Since its inception in Detroit,Michigan,this company has risen to hold the 35^th spot in the industry.Its reputation for excellent service and exemplary products has gained this company international recognition.Atlantic currently sells over two hundred product per week to customers from foreign nations.
Atlantic's organizational leaders recently decided to begin more intense promotion of the company's products within the international marketplace.They realize this is a golden opportunity to move the company upward in ranking within the industry.While the company will maintain production within the boundaries of the United States,it plans to establish four distribution centers located around the world for its products.The plans include building a distribution site in South America,Europe,Asia,and the Middle East.
-The Atlantic Camera & Film Company realizes it has many challenges to face while undertaking its international plan for growth.Which one of the following would be least likely to require the company to adapt to differences in the foreign market arena?

• A) Most foreign countries use the metric system of measurement
• B) Items are often used differently or for different purposes by foreigners than by U.S.citizens
• C) The U.S.maintains an English system of measurement
• D) A standardization strategy to be used by the company
• E) Electrical voltages and systems differ in foreign nations

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Definitions:

Check Clearing

The process by which banks settle transactions by transferring money from the check writer's account to the recipient's account.

Federal Funds Rate

The interest rate at which banks lend reserve balances to other banks overnight, on an uncollateralized basis.

Discount Rate

The interest rate charged by central banks for short-term loans to commercial banks.

Chinese Government

The political leadership and governing bodies of the People's Republic of China, comprising the Communist Party, the state institutions, and the military.