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Week 4
Week 5
100
Which trade alliance establishes guidelines for international trade? (3)
What is WTO, NAFTA, EU
100
What is the most likely distribution channel for a manufacturer of laundry products, candy, and flowers designed for consumer use?
What is manufacturer to wholesales to retailer to consumer
100
A tape recorder that cost plugged in electronics store $18 and that originally sold for $42 is marked down 25%. What is the maintained markup in dollars for the recorder?
What is 13.50
100
The difference in value between _________ and ______ of a nation is called the balance of trade.
What is exports and imports
100
Using an in-house sales force increases a company's control over its ______
What is products
200
During the persian gulf war, the U.S. Placed a ban on all exports to Iran. What is another term for this ban?
What is embargo
200
What is the difference between recorded sales and inventory based on a physical count?
What is stock shortage
200
What is the first step in the procedure for derterming an item's retail price when we know the item's cost and the customary markup on retail?
What is determine what % of the retail price is equal to cost
200
In ternational trade, a ________ is a limit on the number or monetary value of a product that can be imported.
What is Quota
200
True or False. In both the consumer and industrial markets, direct distribution is the least commonly used channel.
What is false
300
Key economic factors relevant to diong business in another country include what?
What is foreign exchange rate
300
What is electronic data interchange used for?
What is to transact purchase orders between businesses
300
Determine the maintained markup percentage for a refridgerator that costs a retailer $365 to stock and that sells for $690 the store wants to mark down the refrigerator 30%
What is 24%
300
A nation experiences a trade _________ when it exports more than it imports
What is surplus
300
Real time inventory is an essential part of _________
What is E-Business
400
Sabrina owns and operates Sabrina's Textiles which manufactures fabric used by furniture makers for covering sofas and chairs. Sabrina's business is too small to afford its own sales force. What is the distribution channel that Sabrina would most likely use in marketing her dry goods?
What is manufacture to agent to industrial user
400
What do many stores use to mark the price on a dress or suit?
What is string tag
400
All U.S. consumers have the right to check their credit history in order to make certain that it does not contain errors that might prevent them from obtaining credit. Under what law is this right provided?
What is fair and credit reporting act
400
What is a drop shipper?
What is business that own the goods they sell but do not physically handle the products
400
True or False? In retail business, some staple items rarley have price changes. These items can be marked by the preretailing marketing method.
What is True
500
A mortgage broker arranges for a lending insitution (such as bank or savings and loan association) to provide a mortgage for a consumer or business. In this case, what is the channel for distribution of services?
What is indirect.
500
Petite Boutique buys its blouses from too sweet blouse manufacturers. Too sweet offers, a 12 percent discount on orders of $3,000 or more. Petite boutique ordered $4200 worth of merchandise and insisted on terms of 4/10 net, 30. If the store takes advantage of both discounts what will the net amount of the invoice be?
What is 3548.16
500
When a buyer feels that a product's extended features are incomplete or broken what is the first step the buyer should take to resolve the problem?
What is contact the retailer who sold the product
500
Which country has a large number of very powerful distribution imtermediaries?
What is Japan
500
True or False? A visual inspection system monitors inventoy levels, indicates sales rates, and is easy to use.
What is false.