GB 350 Exam Questions and
Answers
Under Unfair Trade Practice Acts, _______ governments set mandatory retail and
wholesale markups on products in order to protect smaller competitors. - ANSWER-
state
The government of Fauna placed a maximum number of 200 tons of coconut oil
imports between July 1, 2020 and September 20, 2020. The government of Fauna is
using a ___________in this scenario. - ANSWER-absolute quota
Sue hesitated to get an air fryer because she didn't want to learn how to use a new
cooking product. She recently decided to purchase one because all of her friends
have air fryers, and her brother keeps talking about what a great experience he's had
with it. Sue would be best described as a(n) _______, according to the lectures. -
ANSWER-late majority
Slapjacks, a large chain of pancake house, is opening a location in Smalltown, USE.
This location would - ANSWER-new product b/c new to oxford
Which of the following statements BEST includes all of the criteria for good
marketing objectives? - ANSWER-Our objective is to increase the number of
potential customer contacts from 100 to 200 from April 1, 2022 through June 30,
2022
Christian makes and sells scented candles at her store in small town. The cost of her
candle ingredients is 2.50 per candle. The monthly lease of store is 1500. The
amount she pays for her monthly lease is a __________ cost. - ANSWER-fixed
Benefit Corporations allow businesses to.... - ANSWER-Balance economic goals
with environmental and/or social goals.
When country A's imports from Country B are greater than country A's exports to
country B. country A is experiencing a ___________. - ANSWER-trade deficit
Bob owns an online bakery, and he does not think he can charge more than $2 for
his muffins. he is trying to figure out how many muffins he will need to sell at $2 in
order to begin making a profit. In other words Bob is trying to determine his
________. - ANSWER-break even price
Which of the following types of digital media an social media platforms belong to? -
ANSWER-Social media can be owned, paid, and or earned media depending on the
strategy
Answers
Under Unfair Trade Practice Acts, _______ governments set mandatory retail and
wholesale markups on products in order to protect smaller competitors. - ANSWER-
state
The government of Fauna placed a maximum number of 200 tons of coconut oil
imports between July 1, 2020 and September 20, 2020. The government of Fauna is
using a ___________in this scenario. - ANSWER-absolute quota
Sue hesitated to get an air fryer because she didn't want to learn how to use a new
cooking product. She recently decided to purchase one because all of her friends
have air fryers, and her brother keeps talking about what a great experience he's had
with it. Sue would be best described as a(n) _______, according to the lectures. -
ANSWER-late majority
Slapjacks, a large chain of pancake house, is opening a location in Smalltown, USE.
This location would - ANSWER-new product b/c new to oxford
Which of the following statements BEST includes all of the criteria for good
marketing objectives? - ANSWER-Our objective is to increase the number of
potential customer contacts from 100 to 200 from April 1, 2022 through June 30,
2022
Christian makes and sells scented candles at her store in small town. The cost of her
candle ingredients is 2.50 per candle. The monthly lease of store is 1500. The
amount she pays for her monthly lease is a __________ cost. - ANSWER-fixed
Benefit Corporations allow businesses to.... - ANSWER-Balance economic goals
with environmental and/or social goals.
When country A's imports from Country B are greater than country A's exports to
country B. country A is experiencing a ___________. - ANSWER-trade deficit
Bob owns an online bakery, and he does not think he can charge more than $2 for
his muffins. he is trying to figure out how many muffins he will need to sell at $2 in
order to begin making a profit. In other words Bob is trying to determine his
________. - ANSWER-break even price
Which of the following types of digital media an social media platforms belong to? -
ANSWER-Social media can be owned, paid, and or earned media depending on the
strategy
