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Thursday 25 April 2013

Mkt 630 solved quizs


Question No: 1  When using the Internet as a distribution channel, the e-vendor must be concerned with a variety of issues. Which of the following would not among those issues?
Adaptation            
Local contact                   
Promotion                
All of the given options

Question No: 2  The unconscious use of the values, experiences, and knowledge of one's own culture as a guide to decision making in a different culture is best described by which of the following?
Self-reference criterion          
Cultural insensitivity            
 Cultural elitism             
Ethnography

Question No: 3  The Mobilink Limited Company strives to develop standardized marketing mixes for its products that will be generally applicable across national borders. The firm's philosophy would be best described as:
Multi-domestic market orientation       
 ethnocentric marketing orientation      
Domestic market extension
Global marketing orientation
The company may establish an independent foreign subsidiary in each and every foreign market it services
– such efforts are also called multi-domestic marketing.

Question No: 4  If a company is transferring its goods and services to its customer, this transaction is based on:
Barter system         
  Exchange                
 Transformation           
    Relationship
“A process (or set of processes) which embodies (represent) a transformation in the spatial (relating to,
occupying, or happening in space) organization of social relations and transaction … generating
transcontinental or interregional flows and networks of activity, interaction, and the exercise of power”.


Question No: 5 Which of the following concepts takes an "inside-out" view of the firm?
Selling concept      
    Market offering          
    Marketing concept           
Societal marketing concept

Question No: 6  Which statement is a best description of pure marketing concept?
Product or services developed first and look for need later.
Look for need first and developed product or services later.
Set target market first then proceed further
Start your marketing procedure from customer feed back
Question No: 7  A contract in which an individual receives financial reimbursement against losses from the contractual company. Which one of the following is a best term for such contract?
Insurance      
  Risk management      
    Financial loss recovery        
    Banking contract

Question No: 8  According to the view of Michael Porter, firm fist develop product for domestic market later on lunch in international market. This view is consistent with which of the following factors?
Factor conditions     
     Demand conditions         
 Related & supporting industries
   Firm strategy, structure & rivalry
Firm strategy, structure & rivalry : presence of a competitive domestic market forces local firms to focus
efforts in skills training, strategizing and r&d that eventually shapes companies to reduce costs & become
competitive internationally.

Question No: 9  Historical data of a firm is sufficient to find which of the following information?
Trend in sales and profits      
    Trend in sales only         
 Trend in profits only        
either trend in sales or profits

Question No: 10  Which one of the following products are NOT subject to price controls?
Pharmaceuticals           
  Foods         
 Gasolines     
All subject to price controls
Question No: 11  Indicate the concept given below that explains the human-made part of the human environment .
Anthropology        
  Sociology              
Personal relations                   
Culture
Question No: 12  The focus of physical environment is on which of the following variables
Shipping distance           
National economics priority           
 Balance of payment       
Focus on difference and similarity   p40
Question No: 13  Survey research, called the backbone of primary research, is the most widely used method for primary data collection and is best suited for gathering which of the following information?
Personal           
 Attitude              
 Descriptive         
 Exploratory

Question No: 14  Which of the following is considered a smart way to recover cost of research and development?
Foreign direct investment            
  Licensing         
  Sharing ideas         
  Franchising   doubted

Question No: 15 Not a single firm is really the master in all the technologies in the world. Which of the following tools a firm should adopt to overcome this weakness?
Cross licensing      
  Negotiation tool          
Franchising               
 Idea sharing     
doubted

Question No: 16  The cornerstone of international franchising is:
Standardization      
  Concentration          
  Adaptation           
Customization
Question No: 17  Auto Alliance International (AAI) is a joint venture established by the Ford Motor Company and ______
Mazda Motors     
  Toyota Motors           
Suzuki Motors            
 Honda Motors

Question No: 18  Following are the forms of foreign direct investment EXCEPT:
Management expertise         
 Latest technologies         
Capital              
Labor
Direct investment not only brings in capital, it also brings into a country latest technologies
and management expertise. Forms of direct investments are in the following;

Question No: 19  Identify a type of foreign direct investment in which an industry abroad sells the output of a firm s domestic production or uses the firm s output?
Forward vertical FDI        
Backward vertical FDI        
Horizontal FDI         
 Vertical FDI   doubted

Question No: 20   Which of the following social consequences a commercial company explicitly takes into consideration?
Putting the needs of consumers before the company's need for profit          
  Acting philanthropically to their customers
Seeking to combine social benefits with business profitability                   
  Acting like a public sector organization

Question No: 21  Philippines companies belong to which of the following group of countries?
Platform       
 Emerging             
   Growth              
Mature
Question No: 22  Identify the trend of industry in strategic alliance with respect to credibility.
Increase credibility               
 Decrease credibility        
No effect on credibility           
 Deconstruct credibility

Question No: 23  Insurance Company promotes its auto and home insurance by telling consumers, "You're
in good hands with this company." To which of the following types of needs is insurance company trying to appeal?
Personal needs            
Social needs              
 Physiological needs      
 Safety needs

Question No: 24  When consumers use a problem-solving process to make purchase decisions, what is the next step in the process after they become aware of, or interested in, a problem?
Evaluating alternative solutions                           
  Recalling and gathering information about possible solutions
Deciding on the appropriate solution                  
 Making the commitment to purchase a particular product or service

Question No: 25 Which kind of buying behavior occurs when consumers are highly involved in a purchase and perceive significant differences among brands?
Complex Buying Behavior       
Dissonance-Reducing Buying Behavior            
Habitual Buying Behavior
Variety-Seeking Buying Behavior
c. Complex buying behavior occurs when consumers are highly involved in a purchase and perceive
significant differences among brands.

Question No: 26  There are two most important psychological factors that impact consumer decision-making process, first one is product knowledge and select second one according to your expertise.
Product Involvement          
Product Marketing              
Product Strategy              
 Product Price
Question No: 27  Which of the following sketch is the most important thing for sellers to their customers for using target market techniques?
Biographical        
 Geographical           
 Ecological                
  None of the given options
The best thing about using target marketing techniques is that sellers have a biographical sketch of their customers.

Question No: 28  Which of the following defines the amount of income left to an individual after taxes have been paid, available for spending and saving?
Disposable personal income         
 Discretionary income            
Personal income           
Tax deductible income

Question No: 29  Which of the following is the basis of geographic segmentation of consumer markets?
States, countries and cities           
 Income, occupation and education         
Loyalty status and readiness status toward product
Lifestyle and personality

Question No: 30  Identify the stage of economic development in which low poverty and high illiteracy country belongs.
Traditional society         
 Pre-conditions for take-off         
 The drive to maturity              
 High Mass
Consumption
Traditional Societies
Countries in this group are in endless quagmire of enormous poverty, low productivity & high illiteracy

Question No: 31  In which of the following economic development stage infrastructure development is the first?
Traditional society      
Pre-conditions for take-off          
The drive to maturity             
High Mass Consumption
Pre-conditions for take-off
Advances in sciences & technology enter the agriculture sectors. First steps are taken to
develop infrastructure.

Question No: 32  The choice and importance of the market entry mode depends on a number of factors. Which of the following is normally Not a relevant factor?
Level of involvement       
Level of risk and control           
Speed of entry       
 Demographics       
Question No: 33  Each segment has its own distinct profile defined in terms of a number of criteria referred to which of the following?

Variations        
 Variables                   
Segments                  
Multiples
Question No: 34  The democracies, dictatorships & communist dictatorships belong to which of the following economic condition variable?
Economic System        
 Political setups              
Political Risk                
Economic setup
Political Conditions:
- Political variables form another basis for country segmentation.
- Economic System - Free market, mixed or centrally planned.
- Political setups - Democracies, dictatorships, communist dictatorships & monarchies
- Political Risk

Question No: 35  Select best description why international marketers focus on segmentation?
To identify their similar need           
  To identify their countries        
 To identify their best location
To identify their modern behavior
Market segmentation is the process in marketing of dividing a market into distinct subsets (segments) that
behave in the same way or have similar needs.

Question No: 36  Which of the following is NOT considered in the evaluation criteria of market segmentation?
Segment size & growth            
 Segment s structural analysis    
 Company s objectives & resources
Company resources and capabilities   p82
Question No: 37  When customers/consumers may have too narrow image of any brand, is distinguish in which of the following way?
Under positioning     
  Over positioning         
Confused positioning           
Doubtful positioning

Question No: 38  Which of the following scheme can be useful to the marketing manager as an analytical device to assist in planning marketing strategy and programs?
Product classification       
  Purchasing         
  Sole sourcing              
Extended product

Question No: 39  Which of the following statements is true about the marketing strategies used during various stages of the product life cycle?
Sales promotions are not used during the maturity stage of the product life cycle
Advertising is emphasized during the decline stage of the product life cycle
Pricing is always low during the decline stage of the product life cycle
A defensive strategy is adopted during the maturity stage of the product life cycle

Question No: 40  Identify the country in which it is considered illegal to put the prices on labels or in any way suggest retail prices. 
Brazil                   
Chile                       
China                             
 Niger

Question No: 41  Identify another name for Intra Company pricing that is prices for goods are transferred from a company's operations or sales units in one country to its units elsewhere.
Penetration pricing           
Skimming pricing             
 Demand-based pricing                
Transfer pricing p101
Question No: 42  Choose the most appropriate core purpose of your course international marketing .
To develop entrepreneurial skills          
 To develop marketing skills          
To develop managerial skills
To develop global awareness
Question No: 43 ( Marks: 3 )International marketers make strategic alliances to expand business operations. List down
entire the benefits that they can gain from strategic alliances.
Question No: 44 ( Marks: 3 )Discuss the statement is it difficult to segment culturally composed countries or culturally diversified
Question No: 45 ( Marks: 3 ) Supposes you are communicating with future concern potential customers on the behalf
of particular company. Social responsibilities are there in this communication, what are those?
Question No: 46 ( Marks: 5 ) What aspects should be taken into account in order to manage strategic alliance
successfully in international markets?
Question No: 47 ( Marks: 5 ) Discuss different kinds of issues regarding labeling that an international marketer can face.
Question No: 48 ( Marks: 10 ) Being a consumer describe in detail the buyer decision process as you follow during daily buying.
Question No: 49 ( Marks: 10 ) Draw a comparison between countries regarding economic status and how such kind of
grouping is beneficial for segmenta

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