Page 1 of 71
Peregrine Exam COMPLETE NEWEST 300
QUESTIONS AND VERIFIED SOLUTIONS
LATEST UPDATE THIS YEAR
QUESTION: This strategy sacrifices responsiveness to local markets in favor of efficiency.
Microsoft, for example, offers the same software programs around the world but adjusts the
programs to match local languages.
Multinational strategy
Global strategy
Transnational strategy
Multidomestic strategy - ANSWER-Global strategy
QUESTION: Another Time Around helps young inner city kids develop products they can make
and sell to earn money for college. What concept best describes this?
The marketing mix
Cause marketing
1
, Page 2 of 71
Benevolent advertising
A tax deduction
Corporate charitable marketing
None of the above. - ANSWER-cause marketing
QUESTION: Lauren is an HR manager at a marketing firm. Which of the following functions is
LEAST likely to be an aspect of Lauren's job?
Employee and labor relations
Staffing
Employee staffing
Product testing - ANSWER-Product Testing
QUESTION: Local area networks (LANs) are used to _____. - ANSWER-integrate services to a
single building or campus
2
, Page 3 of 71
QUESTION: In June 2015, American steel companies United States Steel Corp., Nucor Corp.,
Steel Dynamics Inc., ArcelorMittal USA, AK Steel Corp., and California Steel Industries filed a
complaint with the Department of Commerce and the ITC alleging that China (and other
countries) were selling steel in the U.S. market at prices lower than their own markets. This
practice is known as what? - ANSWER-Dumping
QUESTION: Dumping is considered:
a. Repackaging a product currently being sold in a foreign country.
b. Collecting and destroying products before they contaminate the market for the brand.
c. The sale of an exported product at a price lower than that charged for the same or a like
product in the "home" market of the exporter.
d. Offering a bribe to a foreign official for the purposes of opening markets.
3
, Page 4 of 71
e. Combining a poorly selling product with a new product. - ANSWER-The sale of an exported
product at a price lower than that charged for the same or a like product in the "home" market
of the exporter.
Q; Which of the following is NOT a strategic alternative to laying off employees?
a. implementing a restricted hiring policy
b. downsizing the workforce
c. lowering employment standards
d. mandating reduced hours - ANSWER-Lowering Employment Standards
QUESTION: KJ built his taco truck out of $75,000,000 worth of titanium and duct tape. He uses
$10.25 of organic bok choy, $6.75 of Wisconsin cheddar cheese, and $25.25 of foie gras in each
taco. If he sells tacos at $475 each, what is his break-even quantity?
194,640
173,310
4
Peregrine Exam COMPLETE NEWEST 300
QUESTIONS AND VERIFIED SOLUTIONS
LATEST UPDATE THIS YEAR
QUESTION: This strategy sacrifices responsiveness to local markets in favor of efficiency.
Microsoft, for example, offers the same software programs around the world but adjusts the
programs to match local languages.
Multinational strategy
Global strategy
Transnational strategy
Multidomestic strategy - ANSWER-Global strategy
QUESTION: Another Time Around helps young inner city kids develop products they can make
and sell to earn money for college. What concept best describes this?
The marketing mix
Cause marketing
1
, Page 2 of 71
Benevolent advertising
A tax deduction
Corporate charitable marketing
None of the above. - ANSWER-cause marketing
QUESTION: Lauren is an HR manager at a marketing firm. Which of the following functions is
LEAST likely to be an aspect of Lauren's job?
Employee and labor relations
Staffing
Employee staffing
Product testing - ANSWER-Product Testing
QUESTION: Local area networks (LANs) are used to _____. - ANSWER-integrate services to a
single building or campus
2
, Page 3 of 71
QUESTION: In June 2015, American steel companies United States Steel Corp., Nucor Corp.,
Steel Dynamics Inc., ArcelorMittal USA, AK Steel Corp., and California Steel Industries filed a
complaint with the Department of Commerce and the ITC alleging that China (and other
countries) were selling steel in the U.S. market at prices lower than their own markets. This
practice is known as what? - ANSWER-Dumping
QUESTION: Dumping is considered:
a. Repackaging a product currently being sold in a foreign country.
b. Collecting and destroying products before they contaminate the market for the brand.
c. The sale of an exported product at a price lower than that charged for the same or a like
product in the "home" market of the exporter.
d. Offering a bribe to a foreign official for the purposes of opening markets.
3
, Page 4 of 71
e. Combining a poorly selling product with a new product. - ANSWER-The sale of an exported
product at a price lower than that charged for the same or a like product in the "home" market
of the exporter.
Q; Which of the following is NOT a strategic alternative to laying off employees?
a. implementing a restricted hiring policy
b. downsizing the workforce
c. lowering employment standards
d. mandating reduced hours - ANSWER-Lowering Employment Standards
QUESTION: KJ built his taco truck out of $75,000,000 worth of titanium and duct tape. He uses
$10.25 of organic bok choy, $6.75 of Wisconsin cheddar cheese, and $25.25 of foie gras in each
taco. If he sells tacos at $475 each, what is his break-even quantity?
194,640
173,310
4
