A) the lack of personal selling on the part of the sales force.
B) entering a domestic market without extensive product planning.
C) the lack of adequate pricing strategies in foreign markets.
D) problems encountered in effectively using census data.
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Multiple Choice
A) Differences in perception of time, thought patterns, personal space, material possessions, family roles and relationships
B) Unstable governments, social unrest, and armed conflict
C) Differences in language, customs, norms and customer preferences
D) Economic conditions and policies of a country that could harm a firm's operations within a country
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Multiple Choice
A) direct ownership
B) strategic alliance
C) joint venture
D) franchising
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Multiple Choice
A) Cultural misunderstanding
B) Political uncertainty
C) Economic risk
D) Unstable government
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Multiple Choice
A) Shorter product life cycles, transferable brands and advertising, and the ability to globalize distribution channels
B) Worldwide economies of scale in manufacturing and distribution, steep learning curves, worldwide sourcing efficiencies
C) Improving communications, favorable government policies, and the increasing speed of technological change
D) Competitive interdependencies among countries, global moves of competitors, and opportunities to preempt a competitor's global moves
Correct Answer
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Multiple Choice
A) A global approach should not be delayed as success is dependent on a quick and rushed strategic process.
B) A multidomestic strategy, as a competitive strategy, is inherently more vulnerable to risk than a domestic strategy or a global strategy.
C) Market factors and economic conditions are internal factors that influence the potential gains to be realized by following a global strategy.
D) Successful global brands carefully stake out their markets, allowing plenty of time to develop their overseas marketing efforts.
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Multiple Choice
A) language.
B) timeliness.
C) data content.
D) foreign market data.
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Multiple Choice
A) Some countries offer census reports only in their native language.
B) Data contained in a census are uniform across all countries.
C) All census reports are published in English, and hence the census is the most reliable source for securing in-depth demographic information.
D) Census data is not allowed to be omitted.
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Multiple Choice
A) each can influence consumer behavior.
B) they provide data for the distribution of income studies.
C) they can help duplicate previous success.
D) they provide a firm with the advantage of using a partner's distribution system.
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Multiple Choice
A) It pursues different strategies in each of its foreign markets.
B) It treats each overseas subsidiary as an autonomous subsidiary.
C) It gives local managers the authority to make the necessary decisions.
D) It views the world as one market.
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Multiple Choice
A) Multidomestic corporations view the world as one market.
B) Local managers of multidomestic corporations are given the authority to make the necessary decisions and are held accountable for results.
C) Multidomestic corporations use worldwide product divisions, each responsible for selling its own products throughout the world.
D) Multidomestic corporations standardize marketing activities when there are cultural similarities and adapt them when the cultures are different.
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Multiple Choice
A) higher economies of scale.
B) domestic competition.
C) foreign incursions.
D) diminished operating costs.
Correct Answer
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Multiple Choice
A) An American software firm's desire to take advantage of significant differences in operating costs between America and Japan
B) A leather manufacturer deciding to expand its operations to other nations to enjoy the benefits of economies of scale
C) An oil dealer aiming to preempt its competitors' global moves
D) A Finnish electronic goods manufacturer's intention to acquire technological innovations developed in the United States
Correct Answer
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Multiple Choice
A) have a high trade-surplus.
B) are a part of larger trade agreements.
C) are experiencing balance-of-payment problems.
D) have an open economy.
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Multiple Choice
A) An American entertainment company's desire to secure technological innovation developed in France.
B) An Italian multiplex corporation aiming to increase long-term growth and profit prospects by expanding to other nations.
C) An automobile manufacturer planning to go overseas in order to increase its sales revenue.
D) A fast-food chain planning to improve overall market position across different nations by catering to the local needs of each nation.
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Multiple Choice
A) Structure
B) Culture
C) People
D) Management processes
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Multiple Choice
A) Exchange controls and ownership restrictions
B) Economic risks
C) Import restrictions
D) Cultural misunderstandings
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Multiple Choice
A) To take advantage of economies of scale
B) To compete with foreign companies on their own turf instead of in the United States
C) To take advantage of significant differences in operating costs between countries
D) To preempt competitors' global moves
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Multiple Choice
A) Joint venture
B) Licensing agreement
C) Franchising
D) Direct ownership
Correct Answer
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Multiple Choice
A) Sales promotion can be an effective means for reaching people living in rural locations.
B) Sales promotion is not a good choice where media support for advertising is virtually nonexistent.
C) Sales promotion cannot be used as a strategy for bypassing restrictions on advertising placed by some foreign governments.
D) Sales promotions contain certain characteristics that are less attractive than other elements of the promotion mix.
Correct Answer
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