ETS MFT BUSINESS FINAL EXAM 2024
ACTUAL EXAM 2 VERSIONS (VERSION A
AND B) COMPLETE 250 QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) /ALREADY
GRADED A+
VERSION A
Marketers must constantly monitor their
competitors' products, prices, distribution, and
promotional efforts because the:
a) competitors may be violating the truth-in-
advertising laws
b) actions of competitors may threaten the firm's
monopoly position
c) actions of competitors may create an oligopoly
within an industry
,d) new product offerings by a competitor may
require adjustments to one or more components of
the firm's marketing mix - ....ANSWER...D
What is the major distinction between executive and
independent agencies?
a) Executive agencies govern business issues while
independent agencies regulate individual matters.
b) The president has greater control over executive
agencies.
c) The Administrative Procedure Act regulates
independent agencies but not executive agencies.
d) Subpoenas may be issued by independent
agencies; executive agencies do not have subpoena
power. - ....ANSWER...B
,Primary value chain activities that involve the
effective layout of receiving dock operations
(inbound logistics) and support value chain activities
that include expertise in process engineering
(technology development) characterize what generic
strategy?
a) differentiation
b) overall cost leadership
c) differentiation focus
d) stuck-in-the-middle - ....ANSWER...B
Managers at ABC, Inc. analyze the current situation
of their organization and then develop plans to help
their organization to accomplish its mission and
achieve its goals. This is known as:
a) Synergy planning
, b) Strategy formulation
c) Functional planning
d) SWOT analysis - ....ANSWER...B
Which of the following terms refers to the
phenomenon in which group members are
pressured to conform in decision making?
a) Group consensus
b) Brainstorming
c) Group norms
d) Groupthink - ....ANSWER...D
ACTUAL EXAM 2 VERSIONS (VERSION A
AND B) COMPLETE 250 QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) /ALREADY
GRADED A+
VERSION A
Marketers must constantly monitor their
competitors' products, prices, distribution, and
promotional efforts because the:
a) competitors may be violating the truth-in-
advertising laws
b) actions of competitors may threaten the firm's
monopoly position
c) actions of competitors may create an oligopoly
within an industry
,d) new product offerings by a competitor may
require adjustments to one or more components of
the firm's marketing mix - ....ANSWER...D
What is the major distinction between executive and
independent agencies?
a) Executive agencies govern business issues while
independent agencies regulate individual matters.
b) The president has greater control over executive
agencies.
c) The Administrative Procedure Act regulates
independent agencies but not executive agencies.
d) Subpoenas may be issued by independent
agencies; executive agencies do not have subpoena
power. - ....ANSWER...B
,Primary value chain activities that involve the
effective layout of receiving dock operations
(inbound logistics) and support value chain activities
that include expertise in process engineering
(technology development) characterize what generic
strategy?
a) differentiation
b) overall cost leadership
c) differentiation focus
d) stuck-in-the-middle - ....ANSWER...B
Managers at ABC, Inc. analyze the current situation
of their organization and then develop plans to help
their organization to accomplish its mission and
achieve its goals. This is known as:
a) Synergy planning
, b) Strategy formulation
c) Functional planning
d) SWOT analysis - ....ANSWER...B
Which of the following terms refers to the
phenomenon in which group members are
pressured to conform in decision making?
a) Group consensus
b) Brainstorming
c) Group norms
d) Groupthink - ....ANSWER...D
