MKTG4025 practice review quiz

People or organizations with needs and wants and the willingness and ability to buy or sell represent the definition of a market

• True

• False

The BRICS nations and other emerging markets are also home to companies that are challenging established global giants at home and abroad.

• True

• False

Cuba and North Korea are the only two countries where Coca-Cola is not available through authorized channels.

• True

• False

The foreign exchange market consists literally of a buyer's and a seller's market where currencies are traded for both spot and future delivery on a continuous basis. The forward market is for immediate delivery and the spot market is for future delivery

• True

• False

Traditionally economists identified main types of economic systems, which include all of the following except

• Market capitalism

• Market socialism

• Centrally Planned Capitalism

• Centrally Planned Nationalism

Nike produces only a small portion of its output in China, but when the firm refers to China as a "two-billion-foot market," it is referring to the fact that

• the Chinese do not wear shoes

• the Chinese shoe market is very competitive.

• it will take a long time for China to develop future market

• China is a potential future market

The term "Expanded Triad" includes all of the following countries or regions except:

• Japan

• Canada

• Russia

• Mexico

Measuring elevator populations in countries measured as units installed per thousand people gives an estimate of the market for elevators. That China has about one half an elevator per thousand people is indicative of:

• low product saturation level.

• high product saturation level.

• high population level.

• high technological level.

People or organizations with needs and wants and the willingness and ability to buy or sell represent the definition of a market

• True

• False

A person who assumes that his or her home country is superior to the rest of the world is said to have an______

• Ethnocentric Orientation

• Polycentric Orientation

• Regiocentric Orientation

• Geocentric Orientation