A(n) ________ is an international trip by government officials and businesspeople that is organized by agencies of national or provincial governments for the purpose of exploring international business opportunities.
A) focus group
B) field research
C) expo
D) trade mission
Question 2
Small and medium-sized companies often find trade missions very appealing because ________.
A) it gives companies an opportunity to visit new places
B) such trips are usually cheap even for the smallest of businesses
C) it provides access to important business officials and executives
D) it helps companies analyze the strategies of all major competitors
Question 3
An ongoing process of gathering, analyzing, and dispensing information for tactical or strategic purposes is called ________.
A) data harvesting
B) peer production
C) survey research
D) environmental scanning
Question 4
The income-elasticity coefficient for Zulu doll is 1.2, which means the demand for Zulu doll will ________.
A) increase 1.2 percent for every 1.0 percent increase in income
B) decrease 1.0 percent for every 1.2 percent increase in income
C) decrease 1.2 percent for every 1.0 percent increase in income
D) remain stagnant since 1.2 is the equilibrium value
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