BAMM6301 FINAL QUIZ 1

TRUE OR FALSE?

Shipping costs are greater when production is conducted

far from target markets.

• TRUE

• FALSE

• MAYBE

• NO ANSWER

It refers to the concentration of production facilities in one location.

• NO ANSWER

• Recentralization

• Centralization

• Decentralization

Spreads facilities over several locations and could mean one facility for each business environment.

• Centralization

• Decentralization

• NO ANSWER

• Recentralization

This strategies demand extra value by offering something unique, such as superior quality, added features, or special brand images

• Relation

• Simmilarization

• Decentralization

• Differentiation

TRUE OR FALSE

Adaptation refers to the strategy of offering standardized products, services, and marketing strategies across different markets

• NO COMMENT

• TRUE

• FALSE

• MAYBE

Also known as localization or customization, involves modifying products, services, and marketing strategies to suit the unique characteristics and preferences of individual markets

• NO CORRECT ANSWER

• Differentiation

• Adaptation

• Standardization

_________ is the practice of buying from another company a good or service that is not central to a company’s competitive advantage.

• NO CORRECT ANSWER

• OUTSOURCING

• BENCHMARKING

• INSOURCING

It is a type of intermediary who operates across borders, representing the interests of a company or individual in selling their products or services in international markets.

• international corporation

• international commission agent

• international export manager

• international export department

Also known as a multinational corporation (MNC) or a global corporation, is a large-scale business organization that operates in multiple countries or has a presence in various international markets.

• international corporation

• international commission agent

• international export manager

• international export department

Refers to a dedicated division within a company that is responsible for managing and overseeing the export activities of the organization on a global scale.

• international corporation

• international commission agent

• international export manager

• international export department