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Professional Certified Marketer Questions 161–165 (page: 34)

Updated On: 9-Feb-2026

_____________ requires a firm to maintain 100 percent ownership of its plants, operation facilities, and offices in a foreign country, often through the formation of wholly owned subsidiaries.

  1. Franchising
  2. Direct investment
  3. Licensing
  4. Joint venture
  5. Strategic alliance

Answer(s): B



Which of the following is true of the standardized marketing approach?

  1. It is losing its relevance in an increasingly globalized marketplace.
  2. It is not profitable to maintain a standard product across increasingly diverse cultures.
  3. It can work well for some, but not all products.
  4. It is very expensive in terms of advertising and other marketing costs.
  5. It does not work well for multi-functional products.

Answer(s): C



Which of the following is true of rule-of-thumb methods for allocating IMC budgets?

  1. It creates a budget by first establishing a set of communication objectives.
  2. It uses prior sales to determine the present communication budget.
  3. It allots a budget according to the profits made in previous quarters.
  4. It requires limited negotiation among managers.
  5. It allocates an equal budget for all departments.

Answer(s): B



Mars Clothing offers a ""buy one, get one free"" offer on select clothing items and a 20 percent discount on all perfumes. These type of offers are known as a(n)

  1. premiums
  2. samplings
  3. coupons
  4. deals
  5. sweepstakes

Answer(s): D



Reso, a manufacturer of mp3 players or portable media players (PMPs), accounts for 157, 500 of the 700, 000 PMPs sold annually in the United States. What is the Reso's market share of the PMP market?

  1. 17.20%
  2. 22.50%
  3. 26.10%
  4. 29.80%
  5. 34.40%

Answer(s): B



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