If the United States exports $100 worth of diamonds to the Kingdom of Mocha and imports $80 worth of bows and arrows, it has a(n)
A. unfavorable balance of trade.
B. trade deficit.
C. trade surplus.
D. negative cash flow.
E. export slide.
Answer: C
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A. dispute B. distinctiveness C. consistency D. consensus
In which of the following situations is a producer guaranteed full control over product sales?
A) a corporate marketing channel B) a direct marketing channel C) a contractual distribution channel D) a horizontal marketing system E) an administered marketing system
Which habit is based on the premise that “all things are created twice?”
A. be proactive B. begin with the end in mind C. put first things first D. think win-win
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