Question: You don't need to explain about the answer. I just want to check only answer as soon as possible. which type of economy is the

You don't need to explain about the answer. I just want to check only answer as soon as possible.

  1. which type of economy is the most competitive from a marketing perspective?

a.mixed economy

b. market-controlled economy

c.monarchy

d. government-controlled economy

e.dictatorship

  1. Nike manufactures many products in offshore locations because of lower labor costs. Nike is engaging in

a. an orderly market agreement

b.international franchising

c.licensing

d. contract manufacturing

e.joint venturing

  1. General Motors and Toyota produce small cars in California in the same production facility. This is an example of

a. a direct investment

b.an acquisition

c. joint venture

d.contract manufacturing

e.licensing

  1. A temporary agreement that allows a company to use a trademark, patient, or manufacturing process of another company is called

a.exporting

b.joint venturing

c.licensing

d.franchising

e.contract manufacturing

  1. Global trading is a trading company that specializes in international marketing. A company employing this company is practicing

a.international franchising

b.joint venturing

c.indirect exporting

d.licensing

e.contract manufacturing

  1. Coca-Cola has a dozen different formulas in production all over the world. The company has chosen

a. to adapt its product to local tastes and preferences

b. a standardized approach to all of its marketing mix elements

c. to develop a new product for each market it has entered

d. an orderly market agreement to maintain brand integrity in the face of product variability

e. to follow a direct exporting strategy.

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