BUS 280 ACTUAL EXAM QUESTIONS WITH SOLUTIONS
2025 GRADED A+
✔✔Which of the following is the intentional lowering of a currency's value by its
government?
A) revaluation
B) devaluation
C) currency hedging
D) currency arbitrage - ✔✔B) devaluation
✔✔32) Devaluation of a nation's currency ________.
A) gives foreign companies in the country an edge over domestic companies
B) leads to a decline in the supply of goods and services
C) increases the price of a country's imports
D) increases consumers' buying power - ✔✔C) increases the price of a country's
imports
✔✔________ is the process of identifying and selecting an organization's objectives
and deciding how the organization will achieve those objectives.
A) Stratification
B) Planning
C) Economic transition
D) Value chain analysis - ✔✔B) Planning
✔✔A ________ is a set of planned actions taken by managers to help a company meet
its objectives.
A) mission statement
B) vision
C) strategy
D) core competency - ✔✔C) strategy
✔✔Which of the following refers to a written statement of why a company exists and
what it plans to accomplish?
A) memorandum of association
B) mission statement
C) vision statement
D) articles of association - ✔✔B) mission statement
✔✔Which of the following is a special ability of a company that competitors find
extremely difficult to equal?
A) comparative advantage
B) absolute advantage
C) core competency
,D) economy of scale - ✔✔C) core competency (what a company does well; make and
develop products according to company mission)
✔✔________ is the process of dividing a company's activities into primary and support
activities and identifying those that create value for customers.
A) Fundamental analysis
B) Technical analysis
C) Structural analysis
D) Value-chain analysis - ✔✔D) Value-chain analysis
✔✔Which of the following is considered as a primary activity in an organization?
A) infrastructure
B) marketing and sales
C) procurement
D) human resource management - ✔✔B) marketing and sales
✔✔According to value-chain analysis, inbound and outbound logistics are considered
as ________.
A) tertiary activities
B) primary activities
C) support activities
D) core competencies - ✔✔B) primary activities
✔✔Which of the following is considered as a support activity in an organization?
A) inbound logistics
B) marketing and sales
C) procurement
D) customer service - ✔✔C) procurement (Process of selecting vendors, est. payment
terms, the negotiation of contracts and actual purchasing of goods -- acquiring
(procuring) all of the goods, services and work that is vital to an organization.
✔✔Which of the following statements is true of the environmental forces that affect
strategy formulation?
A) Socialist economic systems normally levy light taxes on business profits.
B) Countries that excessively spend on R&D tend to have lower levels of prosperity.
C) Approval of the host government is almost always necessary for making direct
investments.
D) Free-market economies tend to levy high taxes on business profits. - ✔✔C) Approval
of the host government is almost always necessary for making direct investments.
✔✔Adapting products and their marketing strategies in each of the national markets of a
company to suit local preferences is called a ________ strategy.
A) multinational
B) blue ocean
C) global
, D) retrenchment - ✔✔A) multinational
✔✔Companies often establish largely independent, self-contained units in each of its
national markets to implement a ________ strategy.
A) retrenchment
B) global
C) multinational
D) blue ocean - ✔✔C) multinational
✔✔Which of the following strategies is appropriate for companies in industries where
buyer preferences do not converge across national borders?
A) retrenchment strategy
B) global strategy
C) multi-domestic strategy
D) mass customization strategy - ✔✔C) multi-domestic strategy
✔✔The main benefit of a multidomestic strategy is that it ________.
A) exploits scale economies in product development and marketing
B) is cost-saving due to product and marketing standardization
C) takes advantage of location economies
D) responds quickly and effectively to emerging buyer preferences - ✔✔D) responds
quickly and effectively to emerging buyer preferences
✔✔The main drawback of a multinational strategy is that it does not allow a company to
________.
A) exploit scale economies in product development or marketing
B) closely monitor buyer preferences in each local market
C) modify its products except for the most superficial features
D) respond quickly and effectively to emerging buyer preferences - ✔✔A) exploit scale
economies in product development or marketing
✔✔Locating production facilities within regional markets is popular because ________.
A) regional markets offer greater range of resources needed for production
B) it provides duty-free access to every consumer in a trade bloc
C) the marketing strategies applied at the regional market level will also be applicable at
the global level
D) it simplifies political and economic activities - ✔✔B) it provides duty-free access to
every consumer in a trade bloc
✔✔The first step in the screening process for potential markets and sites is to
________.
A) select a favorable market or site
B) measure the market or site potential
C) identify the basic appeal of a market
2025 GRADED A+
✔✔Which of the following is the intentional lowering of a currency's value by its
government?
A) revaluation
B) devaluation
C) currency hedging
D) currency arbitrage - ✔✔B) devaluation
✔✔32) Devaluation of a nation's currency ________.
A) gives foreign companies in the country an edge over domestic companies
B) leads to a decline in the supply of goods and services
C) increases the price of a country's imports
D) increases consumers' buying power - ✔✔C) increases the price of a country's
imports
✔✔________ is the process of identifying and selecting an organization's objectives
and deciding how the organization will achieve those objectives.
A) Stratification
B) Planning
C) Economic transition
D) Value chain analysis - ✔✔B) Planning
✔✔A ________ is a set of planned actions taken by managers to help a company meet
its objectives.
A) mission statement
B) vision
C) strategy
D) core competency - ✔✔C) strategy
✔✔Which of the following refers to a written statement of why a company exists and
what it plans to accomplish?
A) memorandum of association
B) mission statement
C) vision statement
D) articles of association - ✔✔B) mission statement
✔✔Which of the following is a special ability of a company that competitors find
extremely difficult to equal?
A) comparative advantage
B) absolute advantage
C) core competency
,D) economy of scale - ✔✔C) core competency (what a company does well; make and
develop products according to company mission)
✔✔________ is the process of dividing a company's activities into primary and support
activities and identifying those that create value for customers.
A) Fundamental analysis
B) Technical analysis
C) Structural analysis
D) Value-chain analysis - ✔✔D) Value-chain analysis
✔✔Which of the following is considered as a primary activity in an organization?
A) infrastructure
B) marketing and sales
C) procurement
D) human resource management - ✔✔B) marketing and sales
✔✔According to value-chain analysis, inbound and outbound logistics are considered
as ________.
A) tertiary activities
B) primary activities
C) support activities
D) core competencies - ✔✔B) primary activities
✔✔Which of the following is considered as a support activity in an organization?
A) inbound logistics
B) marketing and sales
C) procurement
D) customer service - ✔✔C) procurement (Process of selecting vendors, est. payment
terms, the negotiation of contracts and actual purchasing of goods -- acquiring
(procuring) all of the goods, services and work that is vital to an organization.
✔✔Which of the following statements is true of the environmental forces that affect
strategy formulation?
A) Socialist economic systems normally levy light taxes on business profits.
B) Countries that excessively spend on R&D tend to have lower levels of prosperity.
C) Approval of the host government is almost always necessary for making direct
investments.
D) Free-market economies tend to levy high taxes on business profits. - ✔✔C) Approval
of the host government is almost always necessary for making direct investments.
✔✔Adapting products and their marketing strategies in each of the national markets of a
company to suit local preferences is called a ________ strategy.
A) multinational
B) blue ocean
C) global
, D) retrenchment - ✔✔A) multinational
✔✔Companies often establish largely independent, self-contained units in each of its
national markets to implement a ________ strategy.
A) retrenchment
B) global
C) multinational
D) blue ocean - ✔✔C) multinational
✔✔Which of the following strategies is appropriate for companies in industries where
buyer preferences do not converge across national borders?
A) retrenchment strategy
B) global strategy
C) multi-domestic strategy
D) mass customization strategy - ✔✔C) multi-domestic strategy
✔✔The main benefit of a multidomestic strategy is that it ________.
A) exploits scale economies in product development and marketing
B) is cost-saving due to product and marketing standardization
C) takes advantage of location economies
D) responds quickly and effectively to emerging buyer preferences - ✔✔D) responds
quickly and effectively to emerging buyer preferences
✔✔The main drawback of a multinational strategy is that it does not allow a company to
________.
A) exploit scale economies in product development or marketing
B) closely monitor buyer preferences in each local market
C) modify its products except for the most superficial features
D) respond quickly and effectively to emerging buyer preferences - ✔✔A) exploit scale
economies in product development or marketing
✔✔Locating production facilities within regional markets is popular because ________.
A) regional markets offer greater range of resources needed for production
B) it provides duty-free access to every consumer in a trade bloc
C) the marketing strategies applied at the regional market level will also be applicable at
the global level
D) it simplifies political and economic activities - ✔✔B) it provides duty-free access to
every consumer in a trade bloc
✔✔The first step in the screening process for potential markets and sites is to
________.
A) select a favorable market or site
B) measure the market or site potential
C) identify the basic appeal of a market
