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BBB4M Modules 9-12 Exam Questions and Answers
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BBB4M Modules 9-12 Exam Questions and Answers
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BBB4M Modules 9-12 Exam Questionsand Answers
Competitive advantage occurs when there is only one company offering a particular
product, t or f? - Answer-False
Ethnocentrism is a belief that all countries and ways of doing things are correct, t or f? -
Answer-false
ethnocentrism - Answer-Belief in the superiority of one's nation or ethnic group.
Insourcing is defined as: - Answer-A business setting up a specific division to handle a
function that has normally been handled externally
Horizontal Integration - Answer-Absorption into a single firm of several firms involved in
the same level of production and sharing resources at that level
Vertical Integration - Answer-Practice where a single entity controls the entire process
of a product, from the raw materials to distribution
When a company contracts out major business functions, on a long-term basis, to
another company that specializes in that function, it is referred to as: - Answer-
Outsourcing
Offshoring - Answer-the relocation of business processes and services to a lower-cost
foreign location particularly white-collar, technical, professional, and clerical services
inshoring - Answer-returning production jobs to Canada
Which of the following is an important part of cash-flow management: - Answer-letter of
credit
Which of the following terms describes a company's expansion by acquiring its
competitors? - Answer-horizontal integration
The United Nations Human Development Index ranks countries according to which
three factors? - Answer-Health, education, and standard of living
Which of the following is NOT one of Canada's leading industries? - Answer-food
production
Which of the following cities is home to Canada's busiest port? - Answer-vancouver
, In 2009, the World Economic Forum selected which country as having the world's
soundest banking system? - Answer-canada
When the price of oil rises, it causes the cost of which of the following products to
increase? - Answer-Food, polyester, plastic
In 2001, which country became Canada's second-largest supplier of goods? - Answer-
China
A residence visa is a necessary travel document for: - Answer-Students wishing to
study in another country
Which city is known as the "Silicon Valley of India"? - Answer-Bangalore
Which of the following is connected to the Japanese management principle of kaizen? -
Answer-Autoworkers learning a number of jobs and moving to different stations
throughout the day
Which of the following types of fuel-efficient vehicles is seen as only a temporary
solution that will be replaced by other technologies? - Answer-hybrid cars
The guarantee that a company that produces renewable energy will have a guaranteed
distribution network and can price electricity at higher than normal rates is referred to
as: - Answer-A feed-in tarriff
The most recent occurrence of a global pandemic took place in 2009; at this time, the
disease that spread globally was: - Answer-H1N1
Trademark - Answer-a symbol, word, or words legally registered or established by use
as representing a company or product.
licensing agreement - Answer-an agreement in which one firm gives another firm the
right to produce and market its product in a specific country or region in return for
royalties
Contemporary Advertising strategies - Answer-Product placement
Celebrity marketing
Sponsorship
Tren setting
Centralized Marketing Strategy - Answer-The production and sale of goods from one
central location
Decentralized marketing strategy - Answer-uses local production facilities, distribution
centers, and advertising agencies to target specific international markets
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