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1. The biggest or greatest amount of involvement in a foreign market comes through which of the following?a. Exportingb. Joint venturingc. Licensingd. Direct investment2. All of the following would be ways to segment within the category of psychographic segmentation EXCEPT:a. social class.b. occupation.c. lifestyle.d. personality.3. Sellers that handle their own exports are engaged in:a. direct exporting.b. indirect exporting.c. licensing.d. contract manufacturing.4. Anything that can be offered to a market for attention, acquisition, use, or consumption that might satisfy a want or need is called a(n):a. idea.b. demand.c. product.d. service.5. ________________ consists of dividing a market into distinct groups of buyers on the basis of needs, characteristics, or behavior who might require separate products or marketing mixes.a. Product differentiationb. Market segmentationc. Market targetingd. Market positioning6. A manufacturer has four sponsorship options. A _________________ is a brand created and owned by a reseller of a product or service.a. licensed brandb. manufacturer's brandc. private brandd. co-brand7. When an importing country sets limits on the amount of goods it will accept in certain product categories it is called a(n):a. quota.b. barrier.c. tariff.d. embargo.8. All of the following are ways that marketing plays a key role in the company's strategic planning EXCEPT:a. marketing provides a guiding philosophy.b. marketing is the only discipline that can provide a formal structure for the planning effort.c. marketing provides inputs to strategic planners by helping to identify attractive market opportunities.d. within individual business units, marketing designs strategies for reaching the unit's objectives.9. If a government uses barriers to foreign products such as biases against a foreign company's bids, or product standards that go against a foreign company's product features, the government is using:a. protectionism.b. exchange controls.c. exchange facilitators.d. nontariff trade barriers.10. All of the following factors can affect the attractiveness of a market segment EXCEPT:a. the presence of many strong and aggressive competitors.b. the likelihood of government monitoring.c. actual or potential substitute products.d. the power of buyers in the segment.11. joining with foreign companies to produce or market products and services is called:a. direct exporting.b. indirect exporting.c. licensing.d. joint venturing.12. The major advantage of survey research is its:a. simplicity.b. structure.c. organization.d. flexibility.13. When Coca-Cola and Nestle formed a joint venture to market a ready-to-drink coffee and tea worldwide, the type of marketing system that was formed would best be described as being a(n):a. vertical marketing systemb. parallel marketing systemc. diversified marketing system
d. horizontal marketing system
14. When a marketing research organization chooses a segment of the population that represents the population as a whole, they have chosen a _______________.
a. group
b. bi-variant population
c. sample
d. market target
15. Regulations that arise to ensure that firms take responsibility for the social costs of their products or production processes stem from which reason for government legislation of business?
a. To protect companies from each other.
b. To protect consumers from unfair business practices.
c. To protect the interests of society.
d. To protect businesses from unfair consumer demands.
16. When companies make marketing decisions by considering consumers' wants and the long-run interests of the company, consumer, and the general population, they are practicing which of the following principles?
a. Innovative marketing
b. Consumer-oriented marketing
c. Value marketing
d. Societal marketing
17. Norms are derived from _____.
A) cultural values
B) laws
C) education
D) law enforcement officials
18. Marketers that wish to expand internationally need to understand a culture's widely held beliefs that affirm what is desirable. To do this, marketers should study _____.
A) laws
B) religions
C) cultural values
D) sanctions
19. Asian societies (i.e., Japan) value collective activity. That is, consumers look toward others for guidance in purchase decisions and do not respond favorably to promotional appeals focusing on individualism. Which category of cultural values does this represent?
A) internally-oriented
B) environment-oriented
C) other-oriented
D) self-oriented
20. Jake is in the market for a new car. He's looking at brands such as Mercedes, Lexus, and BMW because he feels they tell other people that he's successful in life. This is an illustration of which value?
A) collectivism
B) youth
C) masculine
D) individualisms
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