All MCQs Tests - VU MKT630 - International Marketing

Question 1: Value refers to the perceived net benefits one gets from acquiring a certain product. Which of the following can enhance the value?

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?

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?

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?

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?

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?

Question 7: Cost, insurance paid to (CIP) is one of the trade term is used in place of which of the following?

Question 8: All of the arguments are against the Mercantilism philosophy EXCEPT:

Question 9: Choose the nature of product life cycle of luxury product where cost is less important.

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?