MKTG 101 ch 1-5 test

Sales and rebates are examples of price competition

Global marketing strategies include globalization, adaptations, and

In 1989, the United States placed a ban on Chilean grapes due to poisoned fruit called embargo.

The "buy one get one free" strategy is an example of distribution.

What is the term for the struggle between companies for customers? 

One economic factor relevant to starting a business in another country is

Competition forces businesses to produce poor-quality products at low prices.

In a market economy, ____________ decide what items will best satisfy their wants and needs.

Labor is a factor of production that includes both skilled and unskilled workers.

In economic terms, land, labor, and capital refers to 

An embargo is a limit on the number or monetary value of a product that can be imported.

High Risk = High potential for profits