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CSET Business - Global Marketing Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Page 1

Question 1 1. What risks does a joint venture between a domestic and foreign company come with?

Question 2 2. If a potential international country market does not have paved roads for transportation, a marketer would consider this an issue with which of the following?

Question 3 3. A company believes the best approach to introduce their product to a foreign market would be a high-risk approach where they would become active owners and build new factories there. What is an advantage commonly associated with such an approach?

Question 4 4. Your company has to pay a fee for the domestic company due to the fact that they supply you with certain specific products and that you are using their recipe. Which of the choices describes this fee?

Question 5 5. Which of the following is an example of global marketing standardization?

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Question 6 6. Which of the following is FALSE concerning trade?

Question 7 7. What are quantities set of how much of a specific product is allowed into a country during a time period?

Question 8 8. Which is NOT an example of product adaptation?

Question 9 9. What are the four key areas to consider for global marketing?

Question 10 10. When marketers decide to enter an international market, the first thing that they should do is:

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Question 11 11. Why did the U.S. trade deficit start to grow in the 1990s?

Question 12 12. Tanner's International wants to start exporting to a foreign market. Due to the fact that your boss is traditional, he prefers the traditional exporting technique. Which of the following would be the best argument you could use to advise a different technique?

Question 13 13. Why does Saudi Arabia have a large trade surplus?

Question 14 14. What three areas of economics are marketers most concerned with in selecting a market?

Question 15 15. What is it called when a domestic firm buys part of a foreign company or partners with a foreign company to create a new business?

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Question 16 16. Which of the following does NOT impact the trade balance of a country?

Question 17 17. If a country had $1 million in exports and $1.5 million in imports, what would the trade balance be?

Question 18 18. What does GDP stand for?

Question 19 19. Thomson International sells their computers for $150, despite the fact that they require $140 in order to cover the costs of production. The usual price of a computer on the home market is $300. Why do you think they have chosen to do so?

Question 20 20. This McDonald's menu from India is an example of which of the following?

CSET Business - Global Marketing Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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