Identify any well known political event (positive or negative) and its impact on the business environment.
Question 2Which of the following is not one of the wrong reasons for investing in inventory?
a. Poor quality and material yield.
b. Extended order-cycle times from global sourcing.
c. Hedge against marketplace uncertainty.
d. Specifying custom items for standard applications.
e. Inefficient manufacturing processes.
Question 3A regular and continuous fee paid to the franchisor by the franchisee is called:
a. Payroll tax.
b. Sales tax.
c. Franchise fee.
d. Usage tax.
e. Royalty fee
Question 4Which form of retailing is currently experiencing rapid growth in South Africa despite infrastructure problems?
a. Specialty stores c. General merchandise discount stores
b. Vending machines d. Network marketing
Question 5Imagery may lead consumers to overestimate how satisfied they will be with a product or service.
Indicate whether the statement is true or false
Question 6What, in your opinion, do companies stand to gain by going green?
Question 7All of the following are considered to be the right reasons for investing in inventory except _____.
a. avoid disruptions in operational performance
b. Unreliable supplier delivery
c. support customer service requirements
d. hedge against marketplace uncertainty
e. take advantage of order quantity discounts
Question 8Franchise fees:
a. Compensate the franchisee for the use of its trademark.
b. Pay for all physical assets (e.g., equipment and building), needed to operate the franchise.
c. Is usually a one-time flat fee paid by franchisees to franchisors.
d. Is based on a percentage of the franchisee's gross sales.
e. Is a government tax to register the franchise.
Question 9According to the text, which country has serious restrictions on direct selling?
a. Saudi Arabia c. Vietnam
b. China d. Egypt
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