The type of trade promotion discount in which manufacturers agree to reduce the price to the retailer in exchange for the retailer’s agreement to feature the manufacturer’s products is some way is called a(n) ?

Related Mcqs:

1. Suppose that the world price of tin is above the target (ceiling) price that is defined by an international commodity agreement. To move the world price toward the target price, a buffer stock agreement would require its buffer stock manager to ____ tin and an export quota agreement would require that member countries _________ their export of tin?

   A. purchase; decrease
   B. purchase; increase
   C. sell; increase
   D. sell; decrease

2. A _______ is a promotion strategy that calls for using the sales force and trade promotion to move the produce through channels ?

   A. push strategy
   B. pull strategy
   C. blocking strategy
   D. integrated strategy

3. What is called the tax that is levied on retail price of merchandise collected by retailer ?

   A. Sales Tax
   B. General Tax
   C. Local Tax
   D. Gross Tax

4. Which exchange rate system involves a leaning against the wind|| strategy in which short-term fluctuations in exchange rates are reduced without adhering to any particular exchange rate over the long run ?

   A. pegged of fixed exchange rates
   B. adjustable pegged exchange rates
   C. managed floating exchange rates
   D. free floating exchange rates

5. When did World Trade Organization replace General Agreement on Tariffs and Trade (GATT)?

   A. 1st January 1995
   B. 1st January 1998
   C. 1st December 1999
   D. 1st June 2000

   Submitted by: Syed Nizakat Ali Shah

6. When free trade areas are set up the member countries trade with each other grows faster than their trade with other countries This is due to what economist call ?

   A. trade diversion
   B. trade channeling
   C. trade creation and trade diversion
   D. trade creation

7. The University of Pennsylvania researchers Summers and Heston compute the price level of GDP as the ratio of purchasing power parity (PPP) exchange rate to the actual exchange rate where ?

   A. both exchange rates are measured s the domestic currency price of the US-dollar
   B. both exchange rates are not converted into international dollars
   C. both exchange rate are pegged
   D. both exchange rate are converted into Big Mac PPP formula

8. With free trade suppose that the rest of the world can supply computers to Norway at a price of $1,500 Norway’s imports will now equal. Compared to What occurred in the absence of trade, Norway’s consumers surplus will _____ and its producer surplus will ____. Can you calculate these amounts? Try plotting the information of this table on a sheet of graph paper ?

   A. 1,600 computers, decrease, increase
   B. 1,600 computers, increase, decrease
   C. 1,200 computers, decrease, increase
   D. 1,200 computers, increase, decrease

9. With free trade, suppose that the rest of the world can supply calculators to Canada at a price of $30. Canada’s imports would now equal _____ and its consumer surplus would ____ relative to what occurred in the absence of trade. What is the change in consumer surplus? Refer to the figure that you have plotted ?

   A. 20 calculators increase
   B. 25 calculators decrease
   C. 25 calculators increase
   D. 30 calculators increase

10. If the Bank of England reduces the money supply to reduce inflation a floating exchange rate will aid the Bank of England in fighting inflation because ?

    A. as the money supply is decreased the interest rate will increase and the price of UK exports will rise and the Price of UK imports will fall
    B. as the money supply is decreased the interest rate will increase, and the price of UK exports will fall and the price of UK imports will rise
    C. as the money supply is decreased the interest rate will increase and the price of UK exports and UK imports will fall.
    D. as the money supply is decreased the interest rate will increase and the price of both UK exports and UK imports will rise