Children's Campground is a summer program for school children. It advertises that there is one counselor for every four children and that several other highly-trained professionals are on its staff. Its advertisements indicate that Children's Campground relies heavily on its _____ to provide its services.
A) natural resources
B) human resources
C) entrepreneurship
D) capital
Question 2 - Lynn Bernerd, Inc
Lynn Bernerd, Inc, manufactures and sells reclining furniture. The company currently operates in the United States but wishes to expand overseas. The company managers have been contemplating the best way to enter the foreign market. At first, the management felt it would be in the company's best interest to let a foreign company use its product and brand in exchange for a royalty. The managers recognized, however, that before the company decided on its foreign strategy it needed to think through all the steps required to enter an international market. As such, the managers believed they needed to consult with some type of agency to help their firm compete more effectively in the global marketplace.
After all the research was completed, the senior managers realized that they wanted to export their product. The managers decided that the transport carrier would notify them when the merchandise was shipped. This would avoid any confusion about lost shipments and ensure better communication with the receiving parties.
Refer to Lynn Bernerd, Inc Which of the following options is not one of the steps needed for entering an international market?
A) Contact local government to see if taxes on trade can be waived.
B) Establish an overseas distribution network.
C) Set export prices and payment terms, methods, and techniques.
D) Identify key foreign markets for the product.
E) Identify exportable products.
Question 3 - The sales force for Stanley Tool Corp has been instructed to offer a 10 percent discount to its retailers on all units ordered in excess of the previous month's order amount. The offer will be extended to Stanley's independent retailers, applicable to several small hardware lines. The objective of this type of sales promotion is to:
A) build up reseller inventories.
B) increase traffic in retail stores.
C) improve shelf space and displays.
D) reinforce advertising.
E) encourage trial purchases of a new product.
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