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Study Resources (Business Management)

    21) A back-to-back loan is one in which a subsidiary acquires a loan from the same bank where its parent secured the first loan.   22) A major disadvantage of American Depository Receipts (ADRs) is that investors who buy them must pay currency-conversion fees.   23) Venture capital is a source of equity financing.
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    61) A(n) ________ allows the bank to modify the terms of the letter only after obtaining the approval of both exporter and importer. A) bill of exchange B) bill of lading C) confirmed letter of credit D) irrevocable letter of credit 62) Which of the following letters of credit can be modified without obtaining approval.
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    31) A British toy company manufactures all of its product lines in a single facility in Europe. Which of the following is the company demonstrating? A) continuous production B) lean production C) centralized production D) horizontal integration   32) An Asian jewelry company maintains production facilities in South Korea, Vietnam, and Malaysia. Which of the following.
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    51) Which of the following is experienced by a company that outsources its product development? A) reduced investments in research and development B) reduced market flexibility C) less market influence with suppliers D) lower product costs due to the elimination of intermediaries   52) ________ in the computer industry is the outsourcing of the actual assembly.
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    1) The process of staffing a company and ensuring employees are as productive as possible is called human resource management.   2) Citizens who are working and living in their home country are called expatriates.   3) Companies use polycentric staffing to re-create local operations in the image of home-country operations.   4) An ethnocentric staffing.
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    1) The process of assessing a company's ability to produce enough output to satisfy market demand is called process planning.   2) Capacity planning applies only to manufacturing companies.   3) Availability of energy is an important aspect of the business environment necessary for facilities location planning.   4) Worker productivity tends to be lower in.
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    81) The senior manager argues that Hafstrom could reduce its costs significantly by purchasing parts from companies located overseas rather than producing its own parts. Which of the following is the senior manager advocating? A) outsourcing B) a greenfield investment C) lean production D) vertical integration   Scenario: Audio Component Outsourcing Echo Corporation manufactures high-quality audio components,.
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    31) Which of the following is true of counterfeit goods? A) Developed nations normally have the most active counterfeiting markets. B) Counterfeiting is more common among less visible local brands than global brands. C) Most counterfeit products are imitations of products that normally enjoy legal protection. D) Engineered industrial components and medicines are.
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    51) Advance payment is commonly used for export/import financing when ________. A) two parties are unfamiliar with each other B) the buyer has obtained credit for the transaction C) the transaction is for a relatively high amount D) the buyer has good credit rating at banks   52) Export/import financing in which a bank acts as.
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    61) The just-in-time (JIT) manufacturing technique was originally developed in ________. A) the United States B) China C) Japan D) Germany   62) A company using just-in-time (JIT) manufacturing involves ________. A) increased availability of components in large inventories B) quicker detection of defective materials and components C) easier training of sales staff regarding product descriptions D) benefits stemming from.
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    41) A ________ is used for a product's promotion when there are many levels of intermediaries in its distribution channel. A) push strategy B) pull strategy C) retrenchment strategy D) stability strategy   42) Which of the following circumstances would best require a push strategy to be implemented for product promotion? A) channel members wield a great.
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    71) When one company is hired to design, construct, and test a production facility for a client, the arrangement is called ________. A) a turnkey project B) licensing C) a joint venture D) franchising   72) Which of the following is an investment entry mode? A) licensing B) franchising C) joint venture D) turnkey project   73) Which of the.
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    81) If Silk Industries is interested in creating buyer demand that will encourage channel members to stock its products, it should employ ________. A) a pull strategy B) a push strategy C) horizontal integration D) vertical integration   82) Which of the following would be most appropriate for its consumer product line? A) horizontal integration B) vertical integration C).
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    71) ________ refers to the foreign direct investment in factories, equipment, and land that cannot be pulled out of the market quickly. A) Hot money B) Patient money C) Fiat money D) Key money   72) Money earned from the sale of goods and services is known as ________. A) revenue B) dividend C) depreciation D) book value   73) The ________.
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    41) Which of the following is the oldest known form of countertrade? A) counterpurchase B) switch trading C) offset D) barter 42) The sale of goods and services to a country by a company that promises to buy a specific product from that country in the future is called a(n) ________. A) counterpurchase B) offset C) joint venture D).
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    31) Which of the following occurs when a company sells its products to buyers in a target market without going through intermediary companies? A) export through local distributors B) export through agents C) sale through export management companies D) sale through export trading companies   32) ________ take ownership of the merchandise when it enters their.
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    51) Which of the following reflects the correct sequence of the marketing communication process? A) promotional message; encoding; decoding; feedback B) encoding; promotional message; decoding; feedback C) promotional message; decoding; feedback; encoding D) encoding; decoding; promotional message; feedback   52) Which of the following communication strategies uses the same home-market product and marketing promotion in target.
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    61) A distribution channel in which a manufacturer grants the right to sell its products to only one or a limited number of resellers is called a(n) ________. A) intensive channel B) exclusive channel C) zero-level channel D) two-level channel   62) A(n) ________ channel creates a barrier that makes it difficult or impossible for outsiders.
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    71) Which of the following is implied by a product with a low value density? A) the distribution system is more localized B) the product is more valuable C) the cost of shipping the product is negligible D) the product is processed in areas away from their original locations   72) Which of the following products.
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    21) Under the dual adaptation method, a company adapts its product to local requirements while retaining the product's original marketing communication.   22) The physical path a product follows on its way to customers is called a promotional channel.   23) Service providers do not need distribution channels because they market intangible goods.   24) The.
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    11) A push strategy is the most efficient promotional strategy when distribution channels are lengthy.   12) Emerging markets typically have fewer forms of mass media for use in implementing a pull strategy.   13) A pull strategy is most appropriate when buyers display a great deal of brand loyalty toward one particular brand.
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    81) Which of the following steps would Owen implement toward the end while developing a successful export strategy? A) initiation of meetings with intermediaries B) identification of a potential market C) commitment of resources D) matching of market needs to company abilities   82) If Owen's HomeCare Products decides to sell their products to intermediaries who.
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    1) Product differentiation is more likely when nations share the same level of economic development.   2) A brand name can function as a legal property.   3) The value customers obtain from a product is heavily influenced by the image of the country in which the product is manufactured.   4) All company and product.
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