Samuel is struggling to run his start-up company in his locality. He is struggling because the local trade associations have established strict codes of conduct regarding certification, accreditation, and insurance obligation for businesses. In the context of economic freedom of a business environment, which of the following is adversely affecting Samuel's start-up?
A) Lack of freedom of production
B) Lack of freedom of staffing
C) Excessive regulation
D) Excessive taxation
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 alternatives could have worked as a link between the managers at Lynn Bernerd, Inc and the buyer from a different country?
A) International barter
B) Counter trade
C) Trading company
D) Comparative trader
E) Foreign-exchange control
Question 3 - When Fashion Fair Cosmetics offers marketing assistance to resellers that buy its products, it is engaging in what type of promotion technique?
A) Bribery.
B) Consumer sales promotion technique.
C) Consumer product promotion technique.
D) Trade sales promotion method.
E) Bait-and-switch method.
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