vu mkt630 Final Term - Quiz No.1
vu mkt630 International Marketing Quiz
This quiz belongs to book/course code vu mkt630 International Marketing of vu organization. We have 5 quizzes available related to the book/course International Marketing. This quiz has a total of 10 multiple choice questions (MCQs) to prepare and belongs to topic Final Term. NVAEducation wants its users to help them learn in an easy way. For that purpose, you are free to prepare online MCQs and quizzes.
NVAEducation also facilitates users to contribute in online competitions with other students to make a challenging situation to learn in a creative way. You can create one to one, and group competition on an topic of a book/course code. Also on NVAEducation you can get certifications by passing the online quiz test.
Question 1: Value refers to the perceived net benefits one gets from acquiring a certain product. Which of the following can enhance the value?
Raising benefits for same costs
Reducing benefits for same costs
Reducing benefits for same costs for six months
All of the given options
Question 2: The selling concept holds that consumers and businesses, if left alone, will ordinarily not buy enough of the selling company's products. Which of the following is the main focus of managers on this concept?
Quality
Innovation
Performance
None of the given options
Question 3: Value refers to the perceived net benefits one gets from acquiring a certain product. Which of the following can NOT enhance the value?
Raising Costs
Reducing benefits for same costs
Raising costs for same benefits
All of the given options
Question 4: Theory of absolute advantage describes that there are natural advantages and acquired advantages that countries can have. Which of the following is acquired advantage?
Natural resources
Skills development
Climatic conditions
None of the given options
Question 5: The production concept is the oldest for a company's orientation towards the market. Which of the following is the main focus of managers on this concept?
Low cost
Innovation
Aggressive selling
Quality and product performance
Question 6: The production concept is the oldest for a company's orientation towards the market. Which of the following is NOT the main focus of managers on this concept?
Low cost
Quality product
Mass distribution
High product efficiency
Question 7: Cost, insurance paid to (CIP) is one of the trade term is used in place of which of the following?
Free on board (FOB)
Cost and freight (CFR)
Cost, insurance, and freight (CIF)
Free alongside ship (FAS)
Question 8: All of the arguments are against the Mercantilism philosophy EXCEPT:
Bullion reserves are in favor of nation
Wealthy citizen pay tax more
Many exporter loss subsidies
Accumulation of gold is not real wealth
Question 9: Choose the nature of product life cycle of luxury product where cost is less important.
Short product life cycle
Long product life cycle
Medium product life cycle
Undefined product life cycle
Question 10: Identify a resulting form of business in which a firm A is controlling all business activities and ending up the control of firm B to expand business?
Legal contract
Joint venture
Acquisition
Merger
