BUS 402 BUS402 Quiz 6 Answers

BUS 402 BUS402 Quiz 6 Answers

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BUS 402 Quiz 6

  1. Price wars usually begin when:
  2. 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:
  3. ________ tells what portion of the total revenues remains after covering variable costs to contribute toward meeting fixed expenses and earning a profit.
  4. Which price strategy is mostly used for moving stale, outdated, damaged merchandise?
  5. ________ is a pricing strategy under which local customers "subsidize" the shipping charges the firm incurs when transporting merchandise to distant customers.
  6. Most service firms base their prices on:
  7. 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:
  8. ________ include(s) the unit cost of a manufacturer's product under an absorption costing system.
  9. ________ is a technique which greatly simplifies the pricing function by setting the same price for items with similar characteristics.
  10. Which of the following factors is vital to determining the effects of competition on the small firm's pricing policies?
  11. ________ costing includes only those costs that vary directly with the volume of an item produced.
  12. When developing a marketing approach to pricing, business owners must:
  13. The most commonly used pricing technique for manufacturers is:
  14. ________ pricing strategy introduces a new product at a low price to gain quick acceptance and extensive distribution in a mass market.
  15. Absorption costing:
  16. 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:
  17. 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:
  18. ________ participating companies get antitrust immunity, allowing them to cooperate freely.
  19. 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?
  20. ________ is the exchange of goods and services for other goods and services.
  21. The first step to becoming a truly global company is to:
  22. A(n) ________ is a government- or privately-owned company established in a foreign country for the purpose of buying goods made there.
  23. A quota is:
  24. The reality of "going global" is that the entrepreneur must understand the needs of the:
  25. When collecting for the sale of foreign goods, a small business will use a ________, an agreement between their bank and the foreign buyer's bank that guarantees payment.
  26. Small businesses go global:
  27. ________ is said to link trading partners, whether they are giant corporations or single individuals with a small business.
  28. The simplest and least expensive way to conduct international business is through:
  29. Expanding a small business into international markets:
  30. ________ is/are one of the trading intermediaries a small company can use to enter the global marketplace.

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