Homework answers / question archive / The College at Brockport BUS 345 Quiz 6: 1)All parties affected by a company's activities are called______________________

The College at Brockport BUS 345 Quiz 6: 1)All parties affected by a company's activities are called______________________

Business

Share With

---

The College at Brockport

BUS 345

Quiz 6:

1)All parties affected by a company's activities are called______________________.

A) stakeholders

B)            suppliers

C)            stockholders

D)           employees

 

2)            Which of these financing methods entails the greatest risk for importers?

A)           Documentary collection B) Advance payment

 

C)            Letter of credit

D)           Open account

 

3)  A company's stakeholders include all of the following EXCEPT               .

B)            suppliers

C)            employees

D)           consumer D) competitors

 

4) Which of these is the first stage of the strategy formulation process?

E)            Formulate strategies

F)            Implement strategies

G)           Identify company mission and goals

H)           Identify core competency and value creating activities

 

5) A contract between the exporter and shipper that specifies merchandise destination and shipping costs is called a                .

I)             draft

J)             bill of lading

K)            letter of credit

L)            bill of exchange

 

6)Which of the following activities would NOT likely result from a company's analysis of its primary activities?

M)          Implementing more efficient manufacturing methods

N)           Improving logistics

O)           Investing in worker training and development

P)            Introducing greater automation into the production process

 

7)In an industry where price competitiveness is a key success factor, a firm should NOT use a

                strategy.

Q)           retrenchment

R)            global

S)            multinational

T)            stability

 

8)Which of these is the most common method of buying and selling goods internationally? A) Exporting and importing

B)            Contractual entry

C)            Countertrade

D)           Investment entry

 

9) All of the following are true of direct exporting EXCEPT             .

U)           it involves a company selling its products directly to buyers in a target market

 

V)           direct exporters rely on local sales representatives or distributors C) direct exporters always sell directly to end users

D) all of the above

 

10)A(n) represents its own company's products only, not those of other companies.

A)           export trading company

B)            agent

C)            export management company D) sales representative

 

11)At which level in a company do objectives usually become more precise and almost always contain numerical targets of performance?

A)           Individual department level

B)            Business-unit level

C)            Consumer level

D)           Corporate level

 

12)Which of these is a special company ability that competitors find extremely difficult to equal?

A)           Value chain

B)            Core competency

C)            Growth strategy

D)           Location economics

 

13)When one company designs, constructs, and tests a production facility for a client, the agreement is called a                .

A)           turnkey project

B)            licensing agreement

C)            joint venture

D)           franchising agreement

 

14)Inbound and outbound logistics are considered          .

A)           capabilities

B)            primary activities

C)            support activities

D)           core competencies