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strayer bus402 quiz 6




Question;? Question;1;2 out of 2 points;The most commonly used pricing;technique for manufacturers is;Answer;? Question;2;2 out of 2 points;Most service firms base their;prices on;Answer;? Question;3;2 out of 2 points;costing includes only;those costs that vary directly with the volume of an item produced.;Answer;? Question;4;2 out of 2 points;Price wars usually begin when;Answer;? Question;5;2 out of 2 points;Small business owners get into;trouble when determining their price floor when they;Answer;? Question;6;2 out of 2 points;is a technique in which;a small firm marks down the price of a popular item below its normal price in;an effort to increase customer traffic and to boost sales of other items.;Answer;? Question;7;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.;Answer;? Question;8;2 out of 2 points;The final price set by the;entrepreneur for the products depends on;Answer;? Question;9;2 out of 2 points;Even in the short run, a small;business must set the price of a product at least equal to the ________ costs;(per unit), or it must shut down.;Answer;? Question;10;2 out of 2 points;is a pricing strategy;under which local customers "subsidize" the shipping charges the firm;incurs when transporting merchandise to distant customers.;Answer;? Question;11;2 out of 2 points;A firm sells small-ticket items;to their regular customers on customer charge accounts and then bills the;customers each month. This type of credit arrangement is called;Answer;? Question;12;2 out of 2 points;When a small business owner;doesn't want to make a pricing decision, he/she can use a(n) ________ pricing;strategy.;Answer;? Question;13;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;Answer;? Question;14;2 out of 2 points;When pricing products, it is;important to remember that;Answer;? Question;15;2 out of 2 points;Which of the following factors is;vital to determining the effects of competition on the small firm's pricing;policies?;Answer;? Question;16;2 out of 2 points;A relatively easy way of getting;into international marketing, which currently handles about 10% of all U.S.;exports, is through ________ who act as distributors in foreign countries for;domestic companies of all sizes.;Answer;? Question;17;2 out of 2 points;An embargo is;Answer;? Question;18;2 out of 2 points;The most important ingredient in;the recipe for a successful joint venture is;Answer;? Question;19;2 out of 2 points;A quota is;Answer;? Question;20;2 out of 2 points;is said to link trading;partners, whether they are giant corporations or single individuals with a;small business.;Answer;? Question;21;2 out of 2 points;Of the three domestic barriers;exporters face, ________ is the biggest.;Answer;? Question;22;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.;Answer;? Question;23;2 out of 2 points;An entrepreneur wants to move;into international markets but can't quite figure out how to do it. He's not;clear on his target market or how to approach it but he knows he needs to;go global." This entrepreneur is experiencing which barrier to;international trade?;Answer;? Question;24;2 out of 2 points;The simplest and least expensive;way to conduct international business is through;Answer;? Question;25;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.;Answer;? Question;26;2 out of 2 points;participating companies;get antitrust immunity, allowing them to cooperate freely.;Answer;? Question;27;2 out of 2 points;The biggest barrier to small;business exports is;Answer;? Question;28;2 out of 2 points;Expanding a small business into;international markets;Answer;? Question;29;2 out of 2 points;An American executive went to a;foreign country to sign a business contract. While there, he found that there;were numerous government regulations his company needed to meet before closing;the deal. This executive was experiencing which barrier to international trade?;Answer;? Question;30;2 out of 2 points;is the exchange of goods;and services for other goods and services.;Answer


Paper#54498 | Written in 18-Jul-2015

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