BUS402 Week 6 Quiz New (2017)

Question 1

2 out of 2 points

Absorption costing:

Question 2

2 out of 2 points

In ________ pricing, a type of geographical pricing, a small firm charges customers located in different territories different prices for the same products.

Question 3

2 out of 2 points

When a computer manufacturer offers its computer with software pre-installed, a printer, and Internet service, as all part of one price, the manufacturer is using a:

Question 4

2 out of 2 points

________ pricing strategy introduces a new product at a low price to gain quick acceptance and extensive distribution in a mass market.

Question 5

2 out of 2 points

The final price set by the entrepreneur for the products depends on:

Question 6

2 out of 2 points

When a small business is faced with price competition from a much larger competitor, it should consider:

Question 7

2 out of 2 points

Price wars usually begin when:

Question 8

2 out of 2 points

When pricing products, it is important to remember that:

Question 9

2 out of 2 points

Probably the most important consideration a manufacturer has when setting the final price of its new exclusive perfume is:

Question 10

2 out of 2 points

A variation of geographic pricing in which the small company sells its merchandise to customers on the condition that they pay all the shipping is called:

Question 11

2 out of 2 points

Which of the following is correct?

Question 12

2 out of 2 points

A common "me-too" pricing policy by which the small business owner establishes his/her prices by monitoring competitor's prices and then matching them is called:

Question 13

2 out of 2 points

Which price strategy is mostly used for moving stale, outdated, damaged merchandise?

Question 14

2 out of 2 points

________ tells what portion of the total revenues remains after covering variable costs to contribute toward meeting fixed expenses and earning a profit.

Question 15

2 out of 2 points

When developing a marketing approach to pricing, business owners must:

Question 16

2 out of 2 points

________ participating companies get antitrust immunity, allowing them to cooperate freely.

Question 17

2 out of 2 points

Small businesses go global:

Question 18

2 out of 2 points

Expanding a small business into international markets:

Question 19

2 out of 2 points

The U.S. Commerce Department, the SBA, and the Trade Administration provide a number of services. TOP–the trade opportunity program–is one and through it entrepreneurs can:

Question 20

2 out of 2 points

An embargo is:

Question 21

2 out of 2 points

The type of companies that are an important channel of foreign distribution for small companies just getting started in international trade or for those lacking the resources to assign their own people to foreign markets are referred to as:

Question 22

2 out of 2 points

Foreign licensing has its greatest potential in the licensing of:

Question 23

2 out of 2 points

________ is the primary market for U.S. franchisers.

Question 24

2 out of 2 points

________ involves a transaction in which a company selling goods in a foreign country agrees to promote investment and trade in that country.

Question 25

2 out of 2 points

A ________ is a document the seller draws on the buyer, requiring the buyer to pay the face amount (the purchase price of the goods) either on sight (a sight draft) or on a specified date (a time draft) once the goods are shipped.

Question 26

2 out of 2 points

The first step to becoming a truly global company is to:

Question 27

2 out of 2 points

________ is the exchange of goods and services for other goods and services.

Question 28

2 out of 2 points

A(n) ________ is a business that buys and sells products in a number of countries, offering a range of services–importing, exporting, shipping, distributing, and others–to their clients.

Question 29

2 out of 2 points

A type of non-tariff barrier to trade that consists of selling large quantities of products in foreign countries below cost is referred to as:

Question 30

2 out of 2 points

Key to successfully establishing an international location is: