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InternationalMarketing,18e(Cateora)
Chapter12GlobalMarketingManagement:PlanningandOrganization
1)Inthe1970s,themarketsegmentationargumentinglobalmarketingwasframedas"globalintegrationversuslocalresponsiveness."
2)Themostsuccessfulcompaniesintheglobalmarketplacetodayfocusoncountryastheprimarysegmentationvariable.
3)Fromthemarketingperspective,theidealmarketsegmentsize,ifcustomersatisfactionisthegoal,isone.
4)Ageandgenderhavebeenthemostobviousinternationalmarketsegmentationvariables,particularlyforAmericans.
5)Spreadingtheportfolioofmarketsservedstabilizesrevenuesandoperationsformanyglobalcompanies.
6)Tacticalplanningisessentiallylongterm,incorporatinggeneralizedgoalsforanenterpriseasawhole.
7)Strategicplanningdealswithproducts,capital,research,andthelong-andshort-termgoalsofacompany,andisconductedatthehighestlevelsofmanagement.
8)Inthecontextofplanningforglobalmarkets,theplanningprocessisaprimarymediumoforganizationallearning.
9)Thefirststepintheinternationalplanningprocessistoadaptthemarketingmixtotargetmarkets.
10)IncorrectdecisionstakeninPhase2oftheinternationalplanningprocessleadtoproductsinappropriatefortheintendedmarketorcostlymistakesinpricing,advertising,andpromotion.
11)InPhase2oftheinternationalplanningprocess,theresultsofananalysisfrequentlyindicatethatthemarketingmixwouldrequiresuchdrasticadaptationthatadecisionnottoenteraparticularmarketismade.
12)Phase3oftheinternationalplanningprocessinvolvesdevelopingamarketingplananddecidingbudgetsandprofitexpectations.
13)Aninternationalmarketingplanbeginswithasituationanalysisandculminatesintheselectionofanentrymodeandaspecificactionprogramforamarket.
14)Theamountofequityrequiredbyacompanytousedifferentmodesofentryinanewmarketaffectstherisk,return,andcontrolthatitwillhaveineachmode.
15)Withindirectexporting,acompanysellstoacustomerinanothercountrywithouttheuseofanyintermediariesordistributors.
16)ABelgiumcompanysellsitsproductstoalargeretailerinBelgium,whointurnsellstheproductsalloverEuropeandAsia.Thisisanexampleofindirectexporting.
17)Exportingisacommonmarket-entryapproachformatureinternationalcompanieswithstrongmarketingandrelationalcapabilities.
18)Patentrights,trademarkrights,andtherightstousetechnologicalprocessesaregrantedinforeignlicensing.
19)Inthecontextofforeignmarketentry,licensingisleastsuitablewhencapitalisscarce.
20)Withfranchising,afranchiserprovidesastandardpackageofproducts,systems,andmanagementservices,andafranchiseeprovidesmarketknowledge,capital,andpersonalinvolvementinmanagement.
21)Astrategicinternationalallianceinvolvesabusinessrelationshipestablishedbytwoormorecompaniesthatcooperateoutofmutualneedandshareriskinachievingacommonobjective.
22)Jointventuresaresimilarinstructureandorganizationtominorityholdingsbyamultinationalcompanyinalocalfirm.
23)Thefirststepinbuildingstrategicinternationalalliancesiscalleddating.
24)AnAmericancompanyhasjustenteredintoanagreementwithaGermanfirmtocreateaseparatelegalentity.ThisnewfirmwillbeallowedtoconductbusinessandactivelycompeteinvariousEuropeanUnionmarkets.Thisisajointventure.
25)WhenU.S.companiesfaceunfamiliarlegalandculturalbarriersinanothercountry,itispreferabletobuyanexistingbusinessthantoenterintoajointventure.
26)Sixhigh-technologycompaniesjoinedforcestoproduceandmarkettheirproductsinJapan.Byjoiningtogether,thesecompanieswereabletoentertheJapanesemarketforthefirsttime.Thisisanexampleofaconsortium.
27)AnAustraliantelevisionmanufacturerrecentlyinvestedinaplanttobuildtunersinMexico.Thisformofinternationalbusinessisaptlynamedinternationallicensing.
28)Freetradeareasthataretariff-freeamongmembersbuthaveacommontarifffornonmemberscreateanopportunitythatcanbecapitalizedonbydirectinvestment.
29)Anadvantageofamatrixorganizationalstructureininternationalbusinessisthatitpermitsmanagementtorespondtotheconflictsthatariseamongfunctionalactivity,product,andgeography.
30)Ifaproductisculturallysensitive,thendecisionsrelatedtotheproductaremorelikelytobecentralized.
31)DellCorporationisagoodexampleofmasscustomizationbecauseit
A)maintainsalargeinventoryofproducts.
B)buildscomputerstoorder.
C)marketstocountriesallovertheword.
D)providesone-to-onecustomerservicesupport.
E)useslocalcompaniestobuilditscomputers.
32)Withrespecttoglobalmarketingmanagement,theargumentformarketsegmentationinthe1980swasframedas
A)globalizationversuslocalization.
B)standardizationversusadaptation.
C)adaptationversusone-to-onemarketing.
D)globalizationversusone-to-onemarketing.
E)standardizationversuslocalization.
33)CompanyMwasweighingwhetheritcouldbecompetitiveifitstandardizeditsproductsfortheglobalmarket.Itshouldconsiderthreecriteria:easeofcontrol,flexibility,and
A)globalregularity.
B)degreeofadaptation.
C)marketingcapabilities.
D)diversity.
E)communicationcapabilities.
34)Inthecontextofglobalmarketingmanagement,internationalmarketersframedtheargumenttowardmarketsegmentationduringthe1970sas
A)globalintegrationversusone-to-onemarketing.
B)standardizationversusadaptation.
C)adaptationversusone-to-onemarketing.
D)globalintegrationversuslocalresponsiveness.
E)standardizationversuslocalresponsiveness.
35)CompanyGtakesadvantageoftheInternetandflexiblemanufacturingtocreateproductsthatvarydependingonthemarketitissoldinto.ThisdemonstratesCompanyG'sfocuson
A)localization.
B)centralization.
C)diversity.
D)competition.
E)standardization.
36)Whatisthecrucialquestionfacinginternationalmarketerstoday?
A)Whatarethemostefficientwaystosegmentmarkets?
B)Whenisadaptationmorerelevantthancustomization?
C)HowcanIbettersegmentbycountry?
D)HowcanIavoidsegmentingonthebasisoflanguage,age,andincome?
E)HowcanIbecomemoreethnocentric?
37)Whichcompanyhasbeenknownforitsabilitytoadapttolocalneedsandwantsintheinternationalmarketplacesinceitsinceptionin1866?
A)Kodak
B)GeneralFoods
C)R.J.ReynoldsTobacco
D)RalstonPurina
E)Nestlé
38)Alcoasentlineworkersandmanagerstoforeignlocationstoseekoutnewtechniquesandprocesses,andtheybroughtthembacktothehomecountrytoimproveoperations.Thisshowsthebenefitsof
A)hiringdiversity.
B)standardization.
C)improvisation.
D)globalmarketing.
E)transfersofknowledge.
39)Whatstatementisafeatureofinternationalcorporateplanning?
A)Itonlyaddressesmarketingandadvertisingquestions.
B)Itspecificallydealswithacompany'sproducts,capital,andresearch.
C)Itpredominantlydealswiththetacticalissuesofmarketing.
D)Itisessentiallylongterminnature.
E)Itreferstotheplansthataremadeatthelocallevel.
40)Whatstatementrelatestostrategicplanning?
A)Itisconductedatthelowestlevelsofmanagement.
B)Itdealswithacompany'sproducts,capital,andresearch.
C)Itexcludestheresearchcomponentofacompany.
D)Itisdesignedtosolelyaddressmarketingandadvertisingquestionsatthelocallevel.
E)Itismostcommonlyreferredtoasmarketplanning.
41)Tacticalplansare
A)designedtoaddressquestionsthatrelatetoadvertisingandmarketing.
B)associatedwithacompany'sproducts,capital,andresearchatagloballevel.
C)conductedatthehighestlevelsofmanagement.
D)unlikeplansthataremadeatthelocallevel.
E)mostcommonlyreferredtoascorporateplans.
42)Harryandhisteamdraftaplanfortheirorganization,HDCorp.TheyprimarilyestablishtheoverallgoalsthatHDshouldaccomplishinthenext25years.Inthiscase,Harryandhisteamaremostlikelyengagedin________planning.
A)tactical
B)market
C)corporate
D)strategic
E)personnel
43)Whattypeofplanningisconductedatthehighestlevelsofmanagementanddealswithproducts,capital,research,andthelong-andshort-termgoalsofacompany?
A)market
B)tactical
C)single-use
D)strategic
E)personnel
44)JaredwantstoknowhowtoreachpotentialcustomersinsmalltownsontheSpanishcoast,soheshouldfocushisplanningonthe________level.
A)corporate
B)strategic
C)global
D)tactical
E)functional
45)TheCEOandtheboardofdirectorsatalargemultinationalcompanymeetonceaquartertoreviewthelong-andshort-termgoalsofthecompanyandtomakechangesasrequired.Theyareengagedin________planning.
A)corporate
B)strategic
C)global
D)tactical
E)functional
46)Ifacompanyfocusesonmarketplanningthatinvolvesspecificactionsandallocationofresources,thecompanyismostlikelyimplementing________planning.
A)tactical
B)strategic
C)corporate
D)operational
E)synergistic
47)Whymighttheprocessofplanningbeasimportantastheplanitself?
A)Itinvolveseveryoneintheorganization.
B)Itforcesdecisionmakerstoexamineallfactorsthataffectthesuccessofamarketingprogram.
C)Itisnecessarytoshareallplanswithshareholdersannually.
D)Theprocessofplanningisastandardcoursebusinessschools.
E)Decisionmakersfacemorechallengesmanagingadomesticmarketingprogramthanaglobalone.
48)Thefirst-timeforeignmarketermustdecidewhatproductstodevelop,inwhichmarkets,and
A)theresourcesneeded.
B)themethodofdistribution.
C)relevantforeigncurrencyissues.
D)thelevelofstaffingneeded.
E)themethodofentry.
49)Whatisthefirstphaseintheinternationalplanningprocess?
A)adaptingthemarketingmixtotargetmarkets
B)developingthemarketingplan
C)matchingcompanyandcountryneeds
D)implementationandcontrol
E)definingmarketsegments
50)Whichaspectofinternationalmarketingisanalyzedinthefirstphaseoftheinternationalplanningprocess?
A)country'smarketpotential
B)productadaptation
C)advertising
D)situationanalysis
E)budget
51)Duringwhichactivityoftheinternationalplanningprocesswouldamarketingmanagerconductsituationanalysisandmakedecisionsinvolvingobjectivesandgoals,budgets,andactionprograms?
A)adaptingthemarketingmixtotargetmarkets
B)developingthemarketingplan
C)matchingcompanyandcountryneeds
D)implementationandcontrol
E)definingcompanyobjectivesandresources
52)TheprimarygoalofPhase2oftheinternationalplanningprocessisto
A)establishcriteriaforscreeningcountries.
B)determinethemarketingmix.
C)matchcompanycharacteristicswithcountrypotential.
D)performasituationanalysis.
E)setbudgets.
53)Phase2oftheinternationalplanningprocessincludesanalysisofwhichfactor?
A)companycharacter
B)pricing
C)situationanalysis
D)budgets
E)standards
54)Aconsumerproductscompanyhasalreadyrevieweditsobjectivesandcapabilities,establishedthescreeningcriteriaforreviewingpotentialforeignmarkets,andexaminedaseriesofenvironmentalfactorsforthemarketsinwhichitplanstooperate.Whatshouldthecompanydonextasitproceedswiththeinternationalplanningprocess?
A)Matchthecompanytoacountry'sneeds.
B)Evaluatethemarketingmixtotargetmarkets.
C)Modifythecompany'spositiontocommunicationobjectives.
D)Developamarketingplan.
E)Implementandcontrolinformationobtainedintheinitialexamination.
55)WhatquestionshouldbeansweredinPhase2oftheinternationalmarketingprocess?
A)Arethereidentifiablemarketsegmentsthatallowforcommonmarketingmixtacticsacrosscountries?
B)Haveobjectivesandgoalsbeenestablished?
C)Haveallbudgetsbeendeterminedwithintheconstraintsofresources?
D)Arepre-existingchannelsofdistributioninthenewmarketmatureenoughtosupporttheproposedexpansion?
E)Haveresponsibilitiesbeenestablishedforimplementationandcontrol?
56)Phase3oftheinternationalplanningprocessbeginswith
A)creatingamanagementperformanceguide.
B)evaluatinghost-countryconstraints.
C)conductingasituationanalysis.
D)evaluatinghome-countryconstraints.
E)exploringthedistributionoptions.
57)AcompanyhasjustcompletedamarketingplanforenteringeasternEurope.Includedinthisplanarebudgetsandsalesandprofitexpectations.Whichofthefollowingphasesoftheinternationalplanningprocesshasthecompanyjustcompleted?
A)Phase1
B)Phase2
C)Phase3
D)Phase4
E)Phase5
58)AcompanydecidedtoexpanditspresenceinnorthernEurope.Towardthatend,itselectedthecountrieswhereitwouldmarketitsproducts.Italsoselectedamodeofentry.Itisnowintheprocessofimplementingspecificplans.Thecompanyiscurrentlyinwhichphaseoftheinternationalplanning?
A)Phase1
B)Phase2
C)Phase3
D)Phase4
E)Phase5
59)AcompanyisintheprocessofdecidingthemodeofentryitwilluseinJapanandChina.Thecompanyisinwhichphaseoftheinternationalplanningprocess?
A)preliminaryanalysis
B)definingmarketsegment
C)developingthemarketingplan
D)implementationandcontrol
E)standardizationofthemarketingmix
60)Oncea"go"decisionhasbeenmadeinPhase3oftheinternationalplanningprocess,whatismostlikelytooccurnext?
A)theobjectivesandgoalsphase
B)thebudgetphase
C)theaction-program(s)phase
D)theimplementationandcontrolphase
E)thecommunicationphase
61)Whichsubjectisexploredafterdevelopinginformationandselectingacountrymarketintheinternationalplanningprocess?
A)companycharacter
B)theconstraintsofhomecountry
C)geography
D)host-countryconstraints
E)themodeofentry
62)Whatisthelaststepintheinternationalplanningprocess?
A)definingtargetmarketsandadaptingthemarketingmixaccordingly
B)matchingcompanyandcountryneeds
C)adaptingthemarketingmixaccordingtomarketsegments
D)implementationandcontrol
E)developingthemarketingplan
63)Whichmodeofforeignmarketentryrequiresthemostamountofequityandthereforecreatesthegreatestrisk?
A)exporting
B)jointventure
C)contractualagreement
D)strategicalliance
E)directforeigninvestment
64)Whichmodeofforeignmarketentryoffersthemostcontrolandthehighestpotentialreturnforacompany?
A)exporting
B)jointventure
C)contractualagreement
D)strategicalliance
E)directforeigninvestment
65)Hipposisamanufacturerofconsumergoods.ItintendstosellitsproductsinTaiwanasitislookingtoenterintoAsianmarkets.Itdoesnotwanttomakeanyequityinvestmentandpreferstominimizeanyriskoflossintheforeignmarket.Itisalsowillingtosettleforalowrateofreturnandlittlecontrol.Whichoftheforeignmarket-entrystrategiesisHipposmostlikelytopursue?
A)directforeigninvestment
B)jointventure
C)indirectexporting
D)strategicalliance
E)licensing
66)Theforeignmarketentrymodeof________requiresnoequityinvestmentandthushasalowrisk,lowrateofreturn,andlittlecontrol.
A)licensing
B)indirectexporting
C)astrategicalliance
D)ajointventure
E)franchising
67)Mirros,aU.S.kitchenwaredistributor,sellsitsinventorytwiceayeartoAllCooks,akitchenwareretailerintheUnitedStates.AllCooks,inturn,sellsthoseproductsthroughitsretailstoresinVietnamandThailand.InwhichofthefollowingentrymodesisMirrosmostlikelyengaged?
A)franchising
B)indirectexporting
C)aconsortium
D)directforeigninvestment
E)ajointventure
68)Whatmarketstrategyusuallymeansthatthecompanysellstoabuyer(importerordistributor)inthehomecountry,whichinturnexportstheproduct?
A)franchising
B)indirectexporting
C)aconsortium
D)directforeigninvestment
E)ajointventure
69)Mirros,aU.S.kitchenwaredistributor,takesaselectionofitsinventorytwiceayeartoVietnamandsellsittoaVietnam-basedkitchenretailer.TheVietnamcompany,inturn,sellsthoseproductsthroughitsretailstoresinVietnamandThailand.Inwhichofthealternativemarket-entrystrategiesisMirrosengaged?
A)franchising
B)licensing
C)directexporting
D)ajointventure
E)directforeigninvestment
70)Adirectsalesforcemayberequiredinaforeigncountry,especiallyfor
A)bigticketindustrialproducts.
B)low-technologyproducts.
C)personalcareproducts.
D)nonmechanicalgoods.
E)traditionalhand-madegoods.
71)Inthecontextofforeignmarketentry,________arelong-term,nonequityassociationsbetweenacompanyandanotherinaforeignmarket.
A)consortia
B)exportingarrangements
C)directforeigninvestments
D)contractualagreements
E)jointventures
72)Theadvantagesof________aremostapparentwhencapitalisscarce,importrestrictionsforbidothermeansofentry,acountryissensitivetoforeignownership,orpatentsandtrademarksmustbeprotectedagainstcancellationfornonuse.
A)consortia
B)exportingarrangements
C)strategicalliances
D)licensing
E)jointventures
73)ChowantedtosellhercustomjewelrymadeinChinatotheU.S.market,butshedidn'thavealotofcapitaltogetstarted,nordidsheknowhowtogetaroundimportrestrictions.ShedecidedtogiveanAmericancompanytherightstoproduceandsellherproductsforafeeandgavethempatentrights.Chowaspursuingwhichentrymethod?
A)consortia
B)exportingarrangements
C)strategicalliances
D)licensing
E)jointventures
74)Whichformofbusinessrelationshipletsacompanygrantpatentrights,trademarkrights,andtherightstousetechnologicalprocessestoanothercompanyinaforeigncountry?
A)licensing
B)exportingarrangements
C)jointventures
D)consortia
E)strategicalliances
75)Whatistrueoffranchising?
A)Itprovidesaneffectiveblendingofskilldecentralizationandoperationalcentralization.
B)Thefranchiseeprovidesmarketknowledge,capital,andpersonalinvolvementinmanagement.
C)Foreignlawsandregulationsareusuallyhostiletowardfranchising.
D)Itisanimportantformofhorizontalmarketintegration.
E)Thefranchiserhaslittlecontrolonmarketingoftheproductsatthepointoffinalsale.
76)Kwanwantstoopenanewbusinessinhisowncountry,Singapore.Hehasdecidedonaformoflicensingthatwillprovidehimwithastandardpackageofproducts,systems,andmanagementservicesinordertosellfastfoodtolocalresidents.WhatistheformofbusinessKwanhaschosen?
A)directsales
B)indirectexporting
C)jointventure
D)strategicalliance
E)franchising
77)Whyareforeignlawsandregulationsfriendlytowardfranchising?
A)Itisanimportantformofhorizontalmarketintegration.
B)Itgivesthefranchiserlittlecontrolonmarketingoftheproductsatthepointoffinalsale.
C)Ittendstofosterlocalownership,operations,andemployment.
D)Itprovidesaneffectiveblendingofskilldecentralizationandoperationalcentralization.
E)Itprovidestothefranchisermarketknowledge,capital,andpersonalinvolvementinmanagement.
78)Thekeyfactorsthatinfluencesuccessoffranchisingapproachesaremonitoringcosts(basedonphysicalandculturaldistances),theprincipal'sinternationalexperience,and
A)theprincipal'sfinancialinvestmentinthebusiness.
B)theprincipal'smarketingexpertise.
C)thebrandequityinthenewmarket.
D)learningthecompetition.
E)thelevelofinvolvementfromthecompany.
79)Inthecontextofforeignmarketentry,a________isabusinessrelationshipestablishedbytwoormorecompaniestocooperateoutofmutualneedandtoshareriskinachievingacommonobjectivewithoutformingaseparatelegalentity.
A)directsalesgroup
B)consortiumarrangement
C)franchisingarrangement
D)strategicinternationalalliance
E)jointventure
80)Whatreferstotwoormoreparticipatingcompaniesjoiningforcestocreateaseparatelegalentitytofacilitatedoingbusinessintheinternationalarena?
A)indirectexporting
B)franchise
C)licensearrangement
D)jointventure
E)directinvestmentagreement
81)Whatisapartnershipcalledinwhichseveralcompanieshavejoinedforcestocreateaseparatelegalentitytofacilitatedoingbusinessinacountrywherenoneoftheparticipantsiscurrentlyactive?
A)aconsortium
B)afranchisepact
C)alicensearrangement
D)indirectexporting
E)directforeigninvestment
82)Aconsortiumdiffersfromajointventureinthataconsortium
A)usuallyoperatesinacountryinwhichtheparticipantsarealreadyactive.
B)typicallyinvolvesalargenumberofparticipants.
C)restrictstherighttoholdanequitypositionbyitsmajorpartners.
D)doesnotinvolvethecreationofaseparatelegalentity.
E)isformedmainlyforexecutingshort-termprojects.
83)Asmall-scaleapparelmanufacturerinFloridacollaborateswithseveralothersimilarfirmsandtheyformaseparatecompanyinIndia.NoneoftheparticipantsinthiscollaborationhaspreviouslyhadactiveoperationsintheIndianmarket.ThenewlycreatedfirmmanufacturesapparelsuitedtothetastesandpreferencesoftheIndiancustomers.Identifythetypeofforeignmarket-entryapproachdepictedinthisscenario.
A)afranchisingagreement
B)aconsortium
C)alicensingagreement
D)directexporting
E)indirectexporting
84)Companiesthathavethe________organizationalstructuregenerallyexperiencerapidgrowthandhavebroad,diverseproductlines.
A)globalproductdivision
B)pyramid
C)hierarchical
D)geographicaldivision
E)matrixorganization
85)HealthStoreInc.providesabroadanddiverserangeofservicesforthehealthcareindustry.Italsomanufacturesavarietyofhospitalequipment.Itwantstoexperiencerapidgrowthandintendstohaveanorganizationalstructuretobetterfaceinternationalcompetition.WhatorganizationalstructurewillsuitHealthStorebest?
A)aglobalproductdivisionstructure
B)ageographicaldivisionstructure
C)amatrixstructure
D)apyramidstructure
E)ahierarchicalstructure
86)Whichorganizationalstructureisthemostextensiveofthosecommonlyadoptedbycompaniesseekingtocompeteglobally?
A)transnationalstructure
B)geographicaldivisionstructure
C)region-specificstructure
D)globalproductdivisionstructure
E)matrixstructure
87)Describethreebenefitsofmarketingtodiversecustomerswithglobalmarketingoperations.
88)Compareandcontrastcorporate,strategic,andtacticalplanning.
89)Describethefourphasesoftheinternationalplanningprocess.
90)Acompanyhasachoiceoffourdifferentmodesofforeignmarketentry.Brieflydescribeeachofthesemodes,andexplainwheneachwouldbethebestoption.
91)Describethetwobasiccontractualagreementsthatmostcompaniesfollowintheirattempttoenteraforeignmarket:licensingandfranchising.Illustrateasituationinwhicheachtypeofagreementwouldbeappropriate.Students'answerswillvary.
92)Brieflyexplainastrategicinternationalalliance(SIA).
93)Explainthedifferencebetweenjointventuresandconsortia.
94)YouhavejustbeenhiredasaconsultantbyPhysicalMobilitytoadvisethecompanyonhowtoentertheEuropeanmarket.YouhavedecidedthatdirectforeigninvestmentwouldbethebestmodeforPhysicalMobilitytofollow.Writeaone-paragraphmemothatoutlinesthebenefitsofdirectforeigninvestmentinthisscenario.
95)AssumethatyouareaconsultantforatelecomgiantbasedintheUnitedStatesthatwishestocreateajointventurewithaChineseelectronicscompany.ThejointventureisexpectedtoenterandcompeteintheeasternEuropeanmarket.Suggestanorganizationalstructurethatwouldbemostsuitableforthisjointventure.Also,commentonwhythestructuremightbeagoodonetouse.
Aninfinitenumberoforganizationalpatternsfortheheadquarters'activitiesofmultinationalfirmsexist,butmostfitintooneofthreecategories.Describethesecategoriesandtheadvantagesanddisadvantagesofeach.
InternationalMarketing,18e(Cateora)
Chapter12GlobalMarketingManagement:PlanningandOrganization
1)Inthe1970s,themarketsegmentationargumentinglobalmarketingwasframedas"globalintegrationversuslocalresponsiveness."
Answer:FALSE
Explanation:Inthe1970s,themarketsegmentationargumentwasframedas"standardizationversusadaptation."Inthe1980s,itwas"globalizationversuslocalization,"andinthe1990s,itwas"globalintegrationversuslocalresponsiveness."
Difficulty:1Easy
Topic:TheRoleoftheMarketingMixinInternationalMarketing
LearningObjective:12-01Howglobalmarketingmanagementdiffersfrominternationalmarketingmanagement.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
2)Themostsuccessfulcompaniesintheglobalmarketplacetodayfocusoncountryastheprimarysegmentationvariable.
Answer:FALSE
Explanation:Asglobalmarketscontinuetohomogenizeanddiversifysimultaneously,thebestcompanieswillavoidthetrapoffocusingoncountryastheprimarysegmentationvariable.
Difficulty:1Easy
Topic:TheRoleoftheMarketingMixinInternationalMarketing
LearningObjective:12-01Howglobalmarketingmanagementdiffersfrominternationalmarketingmanagement.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
3)Fromthemarketingperspective,theidealmarketsegmentsize,ifcustomersatisfactionisthegoal,isone.
Answer:TRUE
Explanation:Astheinformationexplosionallowsmarketerstosegmentmarketsevermorefinely,itisonlythemanufacturingand/orfinancemanagersincompanieswhoargueforstandardizationforthesakeofeconomiesofscale.Fromthemarketingperspective,customizationisalwaysbest.Theidealmarketsegmentsize,ifcustomersatisfactionisthegoal,isone.
Difficulty:1Easy
Topic:TheRoleoftheMarketingMixinInternationalMarketing
LearningObjective:12-01Howglobalmarketingmanagementdiffersfrominternationalmarketingmanagement.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
4)Ageandgenderhavebeenthemostobviousinternationalmarketsegmentationvariables,particularlyfor
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