BUS402 Week 6 Quiz Latest 2017 (100% Answer)

Question 12 out of 2 pointsAbsorption costing:Question 22 out of 2 pointsIn ________ pricing, a type of geographical pricing, a small firm charges customers located in different territories different prices for the same products.Question 32 out of 2 pointsWhen 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 42 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 52 out of 2 pointsThe final price set by the entrepreneur for the products depends on:Question 62 out of 2 pointsWhen a small business is faced with price competition from a much larger competitor, it should consider:Question 72 out of 2 pointsPrice wars usually begin when:Question 82 out of 2 pointsWhen pricing products, it is important to remember that:Question 92 out of 2 pointsProbably the most important consideration a manufacturer has when setting the final price of its new exclusive perfume is:Question 102 out of 2 pointsA 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 112 out of 2 pointsWhich of the following is correct?Question 122 out of 2 pointsA 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and then matching them is called:Question 132 out of 2 pointsWhich price strategy is mostly used for moving stale, outdated, damaged merchandise?Question 142 out of 2 points________ tells what portion of the total revenues remains after covering variable costs to contribute toward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 152 out of 2 pointsWhen developing a marketing approach to pricing, business owners must:Question 162 out of 2 points________ participating companies get antitrust immunity, allowing them to cooperate freely.Question 172 out of 2 pointsSmall businesses go global:Question 182 out of 2 pointsExpanding a small business into international markets:Question 192 out of 2 pointsThe 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 202 out of 2 pointsAn embargo is:Question 212 out of 2 pointsThe 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 222 out of 2 pointsForeign licensing has its greatest potential in the licensing of:Question 232 out of 2 points________ is the primary market for U.S. franchisers.Question 242 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 252 out of 2 pointsA ________ 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 262 out of 2 pointsThe first step to becoming a truly global company is to:Question 272 out of 2 points________ is the exchange of goods and services for other goods and services.Question 282 out of 2 pointsA(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 292 out of 2 pointsA 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 302 out of 2 pointsKey to successfully establishing an international location is: