Question 1

Which of the following identifies the point at which merchandise should be reordered along with the amount of volume to reorder?

Accepted Answer

A)  Economic reorder volume 
B)  Economic reorder point 
C)  Economic ordering quantity 
D)  Economic inventory point 
E)  Economic replenish rate 
A)  Economic reorder volume 
B)  Economic reorder point 
C)  Economic ordering quantity 
D)  Economic inventory point 
E)  Economic replenish rate

Question 2

Combining water carriers and motor carriers in a delivery effort is known as which of the following?

Accepted Answer

A)  Birdybacking 
B)  Fishbacking 
C)  Piggybacking 
D)  Railbacking 
E)  Piggyboating 
A)  Birdybacking 
B)  Fishbacking 
C)  Piggybacking 
D)  Railbacking 
E)  Piggyboating

Question 3

Exporting a product can be a successful strategy for dealing with seasonal demand for a product in a home country.

Accepted Answer

A) True 
 B)False

Question 4

Transferring ownership of products to consumers provides which of the following types of utility?

Accepted Answer

A)  Place 
B)  Time 
C)  Possession 
D)  Communication 
E)  Logistical 
A)  Place 
B)  Time 
C)  Possession 
D)  Communication 
E)  Logistical

Question 5

Validated export licenses apply to products that are not highly regulated.

Accepted Answer

A) True 
 B)False

Question 6

Foreign market similarities with a domestic market generally increase confidence that exporting will be a successful international marketing tactic.

Accepted Answer

A) True 
 B)False

Question 7

A foreign sales subsidiary offers little authority and independence to foreign exporting activities.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is one of the primary documents required for exporting?

Accepted Answer

A)  Bill of export 
B)  Export document 
C)  Export license 
D)  Export agreement 
E)  Export certification 
A)  Bill of export 
B)  Export document 
C)  Export license 
D)  Export agreement 
E)  Export certification

Question 9

Which of the following remains the most extensively used method of distributing products internationally?

Accepted Answer

A)  Air 
B)  Water 
C)  Railroad 
D)  Pipeline 
E)  Intermodal 
A)  Air 
B)  Water 
C)  Railroad 
D)  Pipeline 
E)  Intermodal

Question 10

Unsolicited orders are the most common reasons for beginning exporting.

Accepted Answer

A) True 
 B)False

Question 11

Making a product available at a place that is convenient for buyers provides which of the following types of utility?

Accepted Answer

A)  Place 
B)  Time 
C)  Possession 
D)  Communication 
E)  Logistical 
A)  Place 
B)  Time 
C)  Possession 
D)  Communication 
E)  Logistical

Question 12

The stock turnover figure represents which of the following?

Accepted Answer

A)  The number of times per year in which the average inventory on hand is sold 
B)  The number of times per year in which the average inventory on hand is purchased 
C)  The number of times per year in which the average inventory on hand is transferred 
D)  The number of times per year in which the average inventory on hand is exported 
E)  The number of times per year in which the average inventory is counted 
A)  The number of times per year in which the average inventory on hand is sold 
B)  The number of times per year in which the average inventory on hand is purchased 
C)  The number of times per year in which the average inventory on hand is transferred 
D)  The number of times per year in which the average inventory on hand is exported 
E)  The number of times per year in which the average inventory is counted

Question 13

Which of the following is not one of the external reasons firms use for exporting?

Accepted Answer

A)  Change agents 
B)  Foreign market features 
C)  Domestic market features 
D)  Unsolicited orders 
E)  Consumer indifference 
A)  Change agents 
B)  Foreign market features 
C)  Domestic market features 
D)  Unsolicited orders 
E)  Consumer indifference

Question 14

A store that offers a limited number of products plus gasoline is a:

Accepted Answer

A)  Convenience store 
B)  Supermarket 
C)  Hypermarket 
D)  Specialty store 
E)  Shopping center 
A)  Convenience store 
B)  Supermarket 
C)  Hypermarket 
D)  Specialty store 
E)  Shopping center

Question 15

The ultimate objective of a logistics program is to meet the needs of customers in a convenient and timely fashion at the lowest possible cost.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following is not a major type of retailing in international marketing?

Accepted Answer

A)  Convenience stores 
B)  Supermarkets 
C)  Hypermarkets 
D)  Specialty stores 
E)  Rack jobbers 
A)  Convenience stores 
B)  Supermarkets 
C)  Hypermarkets 
D)  Specialty stores 
E)  Rack jobbers

Question 17

Which of the following is not one of the features of letters of credit?

Accepted Answer

A)  Revocable vs. irrevocable 
B)  Confirmed vs. unconfirmed 
C)  Transferrable vs. nontransferrable 
D)  Intermediary vs. direct 
E)  Deferred payment 
A)  Revocable vs. irrevocable 
B)  Confirmed vs. unconfirmed 
C)  Transferrable vs. nontransferrable 
D)  Intermediary vs. direct 
E)  Deferred payment

Question 18

Which of the following requires that a buyer pay for goods before receiving them?

Accepted Answer

A)  Market channel license 
B)  Bill of lading 
C)  Document against payment 
D)  Document against acceptance 
E)  Bill of first refusal 
A)  Market channel license 
B)  Bill of lading 
C)  Document against payment 
D)  Document against acceptance 
E)  Bill of first refusal

Question 19

Marketing concentration involves growing exports in many different markets simultaneously and rapid expansion to new markets.

Accepted Answer

A) True 
 B)False

Question 20

International retailing activities apply most generally to very large retail operations.

Accepted Answer

A) True 
 B)False

Which of the following identifies the point at which merchandise should be reordered along with the amount of volume to reorder?

Combining water carriers and motor carriers in a delivery effort is known as which of the following?

Exporting a product can be a successful strategy for dealing with seasonal demand for a product in a home country.

Transferring ownership of products to consumers provides which of the following types of utility?

Validated export licenses apply to products that are not highly regulated.

Foreign market similarities with a domestic market generally increase confidence that exporting will be a successful international marketing tactic.

A foreign sales subsidiary offers little authority and independence to foreign exporting activities.

Which of the following is one of the primary documents required for exporting?

Which of the following remains the most extensively used method of distributing products internationally?

Unsolicited orders are the most common reasons for beginning exporting.

Making a product available at a place that is convenient for buyers provides which of the following types of utility?

The stock turnover figure represents which of the following?

Which of the following is not one of the external reasons firms use for exporting?

A store that offers a limited number of products plus gasoline is a:

The ultimate objective of a logistics program is to meet the needs of customers in a convenient and timely fashion at the lowest possible cost.

Which of the following is not a major type of retailing in international marketing?

Which of the following is not one of the features of letters of credit?

Which of the following requires that a buyer pay for goods before receiving them?

Marketing concentration involves growing exports in many different markets simultaneously and rapid expansion to new markets.

International retailing activities apply most generally to very large retail operations.

Introduction to International Marketing

Culture and Cross-Cultural Marketing

Global Trade and Integration

Country Selection and Entry Strategies

International Marketing Planning Organization and Control

Markets and Segmentation in an International Context

International Positioning

Market Research in the International Environment

International Product and Brand Marketing

International Product Standardization and Adaptation

International Pricing

International Marketing Channel Management

International Distribution: Exporting and Retailing

Globally Integrated Marketing Communications

International Sales Promotions and Public Relations

Filters

Exam 12: International Finance and Pricing Implications

Which of the following identifies the point at which merchandise should be reordered along with the amount of volume to reorder?

Combining water carriers and motor carriers in a delivery effort is known as which of the following?

Exporting a product can be a successful strategy for dealing with seasonal demand for a product in a home country.

Transferring ownership of products to consumers provides which of the following types of utility?

Validated export licenses apply to products that are not highly regulated.

Foreign market similarities with a domestic market generally increase confidence that exporting will be a successful international marketing tactic.

A foreign sales subsidiary offers little authority and independence to foreign exporting activities.

Which of the following is one of the primary documents required for exporting?

Which of the following remains the most extensively used method of distributing products internationally?

Unsolicited orders are the most common reasons for beginning exporting.

Making a product available at a place that is convenient for buyers provides which of the following types of utility?

The stock turnover figure represents which of the following?

Which of the following is not one of the external reasons firms use for exporting?

A store that offers a limited number of products plus gasoline is a:

The ultimate objective of a logistics program is to meet the needs of customers in a convenient and timely fashion at the lowest possible cost.

Which of the following is not a major type of retailing in international marketing?

Which of the following is not one of the features of letters of credit?

Which of the following requires that a buyer pay for goods before receiving them?

Marketing concentration involves growing exports in many different markets simultaneously and rapid expansion to new markets.

International retailing activities apply most generally to very large retail operations.

Introduction to International Marketing

Culture and Cross-Cultural Marketing

Global Trade and Integration

Country Selection and Entry Strategies

International Marketing Planning Organization and Control

Markets and Segmentation in an International Context

International Positioning

Market Research in the International Environment

International Product and Brand Marketing

International Product Standardization and Adaptation

International Pricing

International Marketing Channel Management

International Distribution: Exporting and Retailing

Globally Integrated Marketing Communications

International Sales Promotions and Public Relations

Filters