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Thursday, 7 March 2013

MGT603 Solved Quizs


A variety of information is needed for successfully operating in international market.
Which of the following information is NOT required under the category of marketing
mix?
Select correct option:
Add products
Sales campaign
Distribution channel
None of the given options

Which one of the following index measures the tolerance of social inequality?
Select correct option:
Uncertainty Avoidance
Power Distance
Cultural Value
Individualism/Collectivism

Which of the following best describes the reactive marketing?
Select correct option:
Simply selling
After sales calls to get feedback
Encourage customers to contact for queries
Contact customers to seek input for future improvement in products

Historical data of a firm is sufficient to find which of the following information?
Select correct option:
Trends in sales and profit
Trends in sales only
Trends in profit only
Either trends in sales or profit

A variety of information is needed for successfully operating in international market.
Which of the following information is required under the category of prescriptive info?
Select correct option:
Exchange rate
Balance of payment
Laws and regulations
None of the given options

Which of the following best describes proactive marketing?
Select correct option:
Simply selling
After sales calls to get feedback
Encourage customers to contact for queries
Contact customers to seek input for future improvement in products

Which one of the following law formats is based on an all-inclusive system of written
rules of law?
Select correct option:
Code law
Interpretive law
Common law
Legislative law

Identify the system of accounts that record a nation’s international financial transaction?
Select correct option:
Balance of trade
Balance of payments
Balance of import
Balance of export

A balance of payment statement includes three accounts EXCEPT:
Select correct option:
Current account
Capital account
Reserve account
Accrual account

A statement that records all financial transactions between a nation's residents and for
those the rest of the world during a given period usually one year is called a nation's:
Select correct option:
Balance of trade
Balance of payment
Import export statement
Supply demand statement

Which of the following social scientists is credited with doing the most thorough,
influential, and widely read work on how cultural values influence various types of
business and market behavior?
Select correct option:
Milton Friedman
Daniel Starch
Geert Hofstede
Sigmund Freud

The designing of marketing mix for each segment if marketer selects more than one
segment for company, a product is:
Select correct option:
Different in nature
Similar in nature
May be different or similar
Either different or similar

A variety of information is needed for successfully operating in international market.
Which of the following information is required under the category of general conditions?
Select correct option:
Exchange rate
Consumer behavior
Balance of payment
Technological environments

Which of the following determine the needs, wants, and interests of target markets and to
deliver the desired satisfactions in a way that preserves or enhances the consumer's and
society's well-being?
Select correct option:
The Product concept
The Marketing concept
The Production concept
The Societal Marketing concept

Identify the most severe political risk in which company's assets are seized without
payment?
Select correct option:
Confiscation
Expropriation
Domestication
Liquidation

The nature of multi-segments (more than one segment if he/she select) that a marketer
selects as a target market is:
Select correct option:
Homogeneous
Heterogeneous
Both homogeneous and heterogeneous
Either homogeneous or heterogeneous

A variety of information is needed for successfully operating in international market.
Which of the following information is NOT required under the category of foreign
exchange info?
Select correct option:
Laws and regulations
Availability of finance
Dividends in host country
All of the given options
According to the theory of absolute advantage, a country can have certain advantages
over other countries, which of the following is the acquired advantage?
Select correct option:
Climate conditions
Natural resources
Cheap labor-force
None of the given options
Question # 19 of 20 ( Start time: 05:37:41 PM ) Total Marks: 1
Which of the following orientations holds that consumers will favor products that are
available and highly affordable?
Select correct option:
Product concept
Marketing concept
Production concept
Selling concept
Question # 20 of 20 ( Start time: 05:39:11 PM ) Total Marks: 1
Choose the nature of product life cycle of luxury product where cost is less important.
Select correct option:
Short product life cycle
Long product life cycle
Medium product life cycle
Undefined product life cycle

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