Business Questions
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53) ____ are called intermediaries because they are links between products and sellers of products. A) Service companies B) Retailers C) Manufacturing companies D) Wholesalers
52) Marketing includes each of the following activities except A) manufacturing. B) advertising. C) packaging. D) promotion.
45) The ____ ships goods to customers in other countries. A) export trading company B) wholesaler C) freight forwarder D) customs broker
50) Which one of the following is not a positive impact of technology on global marketing? A) faster production B) expanded communication C) breached security D) better distribution
60) Some countries offer companies a ____, meaning the corporation does not pay corporate income taxes if its invests in their country. A) tax hike B) tax break C) tax holiday D) tax incentive
69) Money is not A) measure of value B) store of value C) political stability D) a medium of exchange
51) E-commerce A) has increased Wal-Mart's costs. B) is used by Dell to supply custom-built PCs all over Europe. C) reduces the need for extranets. D) doesn't use the Internet.
66) ____ status allows a country to export into the granting country under the lowest customs duty rates. A) Common market B) Free-trade zone C) Free-trade agreement D) Most-favored-nation status
70) Travelers visiting other countries may pay more when using a credit card instead of cash or traveler's checks because A) interest rates on credit cards are high B) the foreign exchange rate on credit cards is not calculated until the charges reach the credit card office C) credit cards have annual fees D) credit cards always charge additional handling fees
64) A ___ exists when a country buys more foreign goods than the number of goods they sell. A) trade surplus B) trade advantage C) balance of trade D) trade deficit
63) The ____ allows a company to file a single patent application in which it names the countries in which it seeks patent coverage. A) World Trade Organization B) International Copyright Agreement C) World Intellectual Property Organization D) Patent Cooperation Treaty
67) The ___ provides capital and technical assistance to businesses in nations with limited resources. A) International Monetary Fund B) International Finance Corporation C) World Bank D) International Development Association
48) Changing demographics for a country will: A) not impact domestic trade B) open new marketing opportunities C) increase production costs for businesses D) diminish the marketing opportunities
59) ____ occurs when the government takes control and ownership of foreign-owned assets and companies. A) Civil unrest B) Economic nationalism C) Trade sanctions D) Expropriation
49) The same marketing functions must be completed by businesses whether marketing nationally or internationally and include but aren't limited to: A) product/service management, selling, promotion, investment B) distribution, selling, financing, promotion C) culture, financing, subsidies, investments D) investments, manufacturing, culture, management
58) ____ is a duty that a government places on imported products. A) Tariff B) Sanction C) Quota D) Restriction
54) ____ involves buyers who purchase items for resale or additional production A) Consumer market B) Retail market C) Expanded market D) B2B
65) Individuals who want to export products to Japan, should not contact the ____. A) U.S. Department of Commerce International Trade Administration B) U.S. Small Business Administration C) Federal Trade Commission D) U.S. Customs Service
68) The ___ is the currency used in Japan. A) pound B) yuan C) yen D) euro
56) Economic conditions and the currency for a country do not affect A) population trends B) profits on a product C) consumer demand D) selling price for a product