Strategy of pricing the new product at a relatively high level and then gradually reducing it over time is known as:

A. Product skimming

B. Consumer skimming

C. Floating Market concept

D. Market skimming

What is measured as a percentage of total industry sales over a specified time period?

A. Market share

B. Research and development share

C. Mind share

D. Voice share

What is defined as the perceived fairness of what the person does compared with what the person receives?

A. Actuality

B. Equity

C. Justice

D. Evenhandedness

Which of the following is NOT used in analysis in accessing profitability?

A. Rate earned on total assets

B. Earnings per share on common stock

C. Price-earnings ratio

D. Time interest earned charges

Many multinational corporations, in an attempt to facilitate planning for, organizing, and controlling interdependent businesses, critical resources, strategies and geographic regions, has adopted:

A. Customer structure

B. Matrix structure

C. Mixed structure

D. Area structure

Many of the world's developing countries have long sought to create domestic industry by restricting imports of competitive products in order to allow smaller, less competitive domestic firms to grow and prosper, this is called:

A. Import substitution

B. Factor mobility

C. Internalizers

D. None if the above

Minimum number necessary to be present at a meeting in order to transact business is called:

A. Quota

B. Quorum

C. Voting trust

D. Determination

Plans that define company responses to specific situations, such as emergencies, or unexpected conditions are called:

A. Operational plans

B. Contingency plans

C. Definite plans

D. Precise plans

The Australian Business Awards are administered by the Australian Quality Awards Foundation with which level?

A. Business Improvement level

B. Award Gold level

C. Australian Business Excellent prize

D. All of the above

When one or more people hire another person to perform a service and then delegate decision-making authority to that agent, then they are said to be in:

A. Charity relationship

B. Agency relationship

C. Group relationship

D. Intervention relationship