ch.13 Flashcards

1
Q

product adaptation?

A

important for both small and large global companies

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2
Q

quality?

A

competition is placing new emphasis on manufacturing quality products, the power is shifting now from the seller to buyer, increased customer knowledge

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3
Q

dimensions of quality?

A

1- market percieved quality: features the consumer expects
2- performance quality: standard of performance

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4
Q

maintaining quality?

A

performance quality is critical

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5
Q

products damaaged along the supply chain are a special problem for many global brands?

A

because the production is distant from the product

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6
Q

physical or mandatory requirments?

A

1- product homologation: used to describe the changes mandated by local product or service standards.
2- legal, economic, political, technological requirments of local market place
3- the less economicaly developed market the greater degree of changes a product may need for acceptance

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7
Q

green marketing?

A

concerns the environmental
consequences of a variety of marketing activities

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8
Q

Critical issues affecting product development

A

1-Control of the packaging component of solid waste
2–Consumer demand for environmentally friendly products

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9
Q

products and culture?

A

the product is a bundle of satisfactions that consumer recieves

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10
Q

the adaptation of some products by consumers can be affected by how the product conforms with?

A

1- norms
2- values
3- culture
4- behavior patterns

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11
Q

innovative products and adaptation?

A

any idea percieved as new by a group of people is an innovation

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12
Q

diffusion?

A

the process by which innovation spreads such as apple finger prints is an innovation, samsung and hwawi are diffusion

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13
Q

Variables affecting the rate of diffusion of an
object?

A

1-Degree of perceived newness
2-Perceived attributes of the innovation
3-Method used to communicate the idea

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14
Q

Five Characteristics
of an Innovation

A

1- relative advantage: value of new product to the old
2- compatibility: can fit with norm and values
3- trialability: economic/ social risk associated with product use
4- complexity: complexity associated with product use 5- observability: product benefits can be communicated to customers

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15
Q

dimensions of product can be divided into 3 components?

A

1- core component: why we purchase the product
2- packaging: added value and features for grabbing customer attention ex price, quality, trademark, brand name
3- support service: if the customer faces issues with the product ex: delivery, warranty

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16
Q

Consumer services characteristics

A

1- heterogeneity
2- intangibility
3- Perishability
4- Inseparability

17
Q

A service can be marketed

A

1- B2B
2- B2C

18
Q

Services Opportunities
in Global Markets?

A

1-Tourism
2- Transportation
3-Financial services
4- Education
5- Communications
6- Entertainment

19
Q

Barriers to Entering Global Markets for Consumer Services?

A

1- Protectionism
2-Restrictions on Transborder Data Flows
3-Protection of Intellectual Property
4- Cultural Barriers and adaptation

20
Q

global brand?

A

worldwide use of a name,
term, sign, symbol, design, or combination to be able to identify goods from one seller and differntiate from competitors

21
Q

National Brands?

A

1-Acquiring national brand names
2- Using global brand names
3- NATIONALISTIC PRIDE impact on brands
4- Use global brands where possible and national
brands where necessary

22
Q

Country-of-Origin effect?

A

influences that the country of manufacture, assembly, or design Has on a consumer’s positive or negative perception of a product

23
Q

ethnocentrism?

A

measuring or judjing one’s own culture against another culture ex made in china vs made in germany

24
Q

Private Brands?

A

brands owned by retailers are growing as challengers to manufactures brands ex: carrfour