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International Marketing BA-494-01 > Chapters 1-6 > Flashcards

Chapters 1-6 Flashcards

1
Q

International Marketing Dr. Oudan

To surpass the competition in creating perceived value for customers is…?

A

The core of marketing

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2
Q

1-3 reversed

Value=Benefits/Price (money, time, effort, etc)

A

This is the value equation.

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3
Q

1-3 reversed

Product, Promotion, Price and Place (channels of distribution)

A

This is the marketing mix

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4
Q

1-3 reversed

What is Competitive Advantage?

A

When a company succeeds in creating more value for customers than its competitors.

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5
Q

1-3 reversed

What is a Global Firm?

A

A company that operates in more than one country, and gains marketing, production, R & D, and financial advantages that are not available to competitors.

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6
Q

1-3 reversed

What is a Global Industry?

A

when a competitive advantage can be achieved by integrating and leveraging operations on a worldwide scale.

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7
Q

1-3 reversed

Ethnocentric

A

A person who assumes that his/her own country is superior to the rest of the world.

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8
Q

1-3 reversed

Polycentric

A

The opposite view of ethnocentrism that believes that each country in which you do business is unique.

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9
Q

1-3 reversed

Regiocentric

A

In this orientation, management views regions as unique and seeks to develop an integrated regional strategy.

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10
Q

1-3 reversed

Geocentric

A

This orientation views the world as a potential market and strives to develop integrated global strategies.

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11
Q

1-3 reversed

Leverage

A

When a company has an advantage because it has experience in more than one country.

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12
Q

1-3 reversed

The Developing world is where what is concentrated?

A

Overall population growth.

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13
Q

1-3 reversed

Current Account

A

This is a record of all of the recurring trade between countries.

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14
Q

1-3 reversed

Capital Account

A

This is a record of all long-term direct investments, portfolio investment, and other short and long-term capital flows.

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15
Q

1-3 reversed

What are Product Saturation Levels?

A

The percentage of potential buyers or households who own a product.

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16
Q

1-3 reversed

What is Grand Corruption?

A

Misappropriation or misuse of large amounts of public resources by state officials.

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17
Q

1-3 reversed

What is Economic Development?

A

The process of raising the level of prosperity and material living in a society through increasing the productivity and efficiency of its economy.

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18
Q

1-3 reversed

What is Influence Peddling?

A

Collusion between members of the private sector and public officials to gain mutual benefit.

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19
Q

1-3 reversed

What is the definition of Marketing?

A

The process of planning and executing the conception, pricing, promotion, and distribution of ideas, goods and services to create exchanges that satisfy individual and organizational objectives.

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20
Q

1-3 reversed

What is Sovereignty?

A

Supreme and Independent political authority.

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21
Q

1-3 reversed

What erodes economic sovereignty?

A

Global market integration

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22
Q

1-3 reversed

A country’s state of economic development is inversely porportional to?

A

It’s level of political risk.

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23
Q

1-3 reversed

The greater the risk…?

A

The less developed a country.

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24
Q

1-3 reversed

By shifting locations of income…?

A

Many companies minimize tax liability.

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25
Q

1-3 reversed

Black Markets can be caused by…?

A

High taxation.

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26
Q

1-3 reversed

What’s goal is to protect the right of national sovereignty?

A

National governance.

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27
Q

1-3 reversed

This often causes companies to take local partners (strategic alliances, joint-ventures)?

A

Political pressure in underdeveloped countries.

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28
Q

1-3 reversed

What is Expropriation?

A

The governmental action to dispossess a company or investor.

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29
Q

1-3 reversed

What is Nationalization?

A

When the ownership of property and assets is transferred to the host government.

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30
Q

1-3 reversed

What is Confiscation?

A

Nationalization without compensation.

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31
Q

1-3 reversed

What is Creeping Expropriation?

A

Severe limitations on economic activities. (Limitations on repatriation of profits, content requirements, quotas for hiring locals, price control)

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32
Q

1-3 reversed

What is International law?

A

The rules and principals nation-states consider binding upon themselves.

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33
Q

1-3 reversed

What is Code Law?

A

A system of law is based on written norms (codices), supreme red by judicial decisions.

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34
Q

1-3 reversed

What is Common Law?

A

A system of law rests on traditional and precedence stemming from past jurisdiction.

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35
Q

1-3 reversed

What is unique about a Civil Law country?

A

The legal system reflects the structural concepts and principals of the Roman Empire.

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36
Q

1-3 reversed

What is unique about a Common law country?

A

Rulings are decided by reliance on the authority of last judicial decisions.

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37
Q

1-3 reversed

What is Jurisdiction?

A

It specifies which nation’s laws apply, when a transaction crosses boundaries.

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38
Q

1-3 reversed

What does Intellectual Property do?

A

Ensures that patents and trademarks are registered in each country business is conducted.

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39
Q

1-3 reversed

What is Counterfeiting?

A

The unauthorized copying and production if a product.

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40
Q

1-3 reversed

What is Piracy?

A

The unauthorized publication or reproduction of copyrighted work.

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41
Q

1-3 reversed

What is Islamic Law?

A

The legal system in many Middle Eastern countries.

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42
Q

1-3 reversed

What are Antitrust Laws?

A

These where designed to combat restrictive business practices and to encourage competition.

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43
Q

1-3 reversed

What is The Sherman Act of 1890?

A

This prohibits certain business restrictive practices designed to limit competition.

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44
Q

1-3 reversed

What does The European Commision do?

A

This group prohibits agreements and practices that prevent, restrict or distort competition.

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45
Q

1-3 reversed

What is Licensing?

A

A contractual agreement in which a licenser allows a licensee to use patents, trademarks, trade secretes, technology or other intangible assets in return for royalty payments.

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46
Q

1-3 reversed

What is Corruption?

A

Defined as “the misuse if entrusted power for private gain” (Ch3)

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47
Q

1-3 reversed

What is The US Foreign Corrupt Practices Act?

A

This regulation declares that U.S. individuals or enterprises face prosecution if they try to bribe a foreign official.

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48
Q

1-3 reversed

What is The Regulatory Environment?

A

This consists of a variety of agencies that enforce laws or set guidelines for conducting business.

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49
Q

1-3 reversed

The scope of activities is the difference between

A

Domestic and Global marketing.

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50
Q

1-3 reversed

What is Sustainable profitability?

A

The reward for performance achieved by satisfying customers.

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51
Q

1-3 reversed

What is Standardization versus adaptation?

A

This is the extent to which each marketing mix element can be standardized (used the same way) or must be adapted (used in different ways) in different country markets.

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52
Q

1-3 reversed

What is Global market participation?

A

The extent to which a company has operations in major world markets.

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53
Q

1-3 reversed

What is Concentration of marketing activities?

A

The extent to which activities related to the marketing mix (such as pricing decisions) are performed in one or only a few country locations.

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54
Q

1-3 reversed

What is Coordination of marketing activities?

A

The extent to which marketing activities related to the mix are planned and executed interdependent around the globe.

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55
Q

1-3 reversed

What is Integration of competitive moves?

A

The extent to which a firms competitive marketing tactics in different parts of the world are interdependent.

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56
Q

1-3 reversed

Who will be absorbed by more dynamic companies?

A

parties that do not respond to the challenges and opportunities of globalization.

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57
Q

1-3 reversed

What are Experience Transfers?

A

When a company leverages it’s experience in any market in the world by drawing on management practices, strategies, products, advertising appeals, or sales or promotional ideas that have been market-tested in one country and applied to another.

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58
Q

1-3 reversed

What are Scale Economies?

A

When a global company takes advantage of its greater manufacturing volume to obtain traditional scale advantages.

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59
Q

1-3 reversed

What is Resource Utilization?

A

A global companies ability to scan the entire world to identify people, money, and raw materials that will enable it to compete most effectively in world markets.

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60
Q

1-3 reversed

What is Global Strategy?

A

This is a global companies greatest advantage and is a design to create a winning strategy on a global scale? (Ch1)

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61
Q

1-3 reversed

What are Exchange rates?

A

These are the prices of one currency in terms of another.

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62
Q

1-3 reversed

What is the Federal Patent Office?

A

In the United States, it is where patents, trademarks and copyrights are registered.

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63
Q

1-3 reversed

What is Islamic Law?

A

It is what the legal system in many Middle Eastern countries is based on.

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64
Q

1-3 reversed

What is Market capitalism?

A

In this economic system individuals and firms allocate resources, and production resources which are privately owned. Consumers decide what goods they desire, and firms decide how much to produce; and the states role is to promote competition.

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65
Q

1-3 reversed

What is Centrally-Planned Socialism?

A

This economic system gives the state broad powers to serve the public as it sees fit. (Ch2)

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66
Q

1-3 reversed

courts of arbitration that can be employed by global companies where established by?

A

Institutions such as the International Chamber of Commerce.

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67
Q

1-3 reversed

What are Purchasing Power Parities?

A

Comparison of goods and services that can be bought with local currency in different countries.

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68
Q

1-3 reversed

What is Gross National Product (GNP)?

A

The sums of the money values of all final goods and services produced during a year.

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69
Q

1-3 reversed

What is State Capture?

A

Influence Peddling.

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70
Q

1-3 reversed

What is Balance of Payment?

A

A record of all the economic transactions between residents of a country and the rest of the world.

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71
Q

What is Cultural Fragmemtation?

A

This occurs when populations segments diverge in culture.

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72
Q

What is a universal?

A

This is a mode of behavior existing in all cultures.

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73
Q

What are Universal Aspects?

A

These are opportunities to standardize some or all elements of a marketing program.

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74
Q

Name 4 Cultural universals…?

A

1) Athletic sports
2) Body adornment
3) Religious rituals
4) Music

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75
Q

What is causing Convergence?

A

Increasing in traveling and improving communications.

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76
Q

What does Material culture refer to? (3)

A

1) Tools
2) Artifacts
3) Technology

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77
Q

What does Language reflect?

A

This part of culture reflects the nature and values of society.

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78
Q

What are Aesthetics?

A

This refers to the ideas of culture containing beauty and good taste.

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79
Q

What is Education?

A

This refers to the transmission of skills, ideas, and attitudes as well as training in particular disciplines.

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80
Q

What is Social organization?

A

This is the level of influence of class that needs to be considered.

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81
Q

What does Religion do?

A

This provides the best insight belief and ritual structure into a society’s behavior.

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82
Q

What is Standard cultural classification?

A

This is using standardized measures to classify countries.

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83
Q

What are Ethnographic and other non-survey approaches?

A

These are using qualitative techniques to classify countries.

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84
Q

What happens in Maslow’s hierarchy of needs?

A

In this model individuals fulfill lower level needs, and then progress to higher level needs.

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85
Q

What are Ethnographic and Other non-survey approaches used for?

A

These are used when culture constructs may differ across societies or change over time. These also provides rich portraits of people and their society.

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86
Q

What is Project globe? (3)

A

1) Builds on Hofstede
2) Explains cultural effects in organizational structures and processes -
3) Nine culture-level dimensions partially overlapping Hofstede

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87
Q

What is The Self-Reference criterion (SRC)?

A

The unconscious reference to one’s own cultural values.

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88
Q

What is Environmental Sensitivity?

A

The extent to which products must be adapted to the culture-specific needs of different national markets.

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89
Q

What are Environmentally sensitive products?

A

These require significant adaptation to the environments of various global markets.

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90
Q

What are Environmentally insensitive products?

A

These do not require significant adaptation to the environments of various global markets.

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91
Q

What is Power distance?

A

Society’s endorsement of inequality.

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92
Q

What is Individualism

A

The tendency of individuals primarily to look after themselves and their immediate families and it’s inverse in the integration of people into cohesive groups.

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93
Q

What is Masculinity?

A

An assertive or competitive orientation, as well as sex role distribution.

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94
Q

What is Uncertainty Avoidance?

A

This taps a feeling of discomfort in unstructured or unusual circumstances whilst the inverse show tolerance of new or ambiguous circumstances.

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95
Q

What is Cultural convergence?

A

This occurs when cultures become more similar.

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96
Q

What happens provide the requirements of communal life?

A

Culture developed by a group?

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97
Q

What is Acculturation?

A

Learning about other cultures through continuous direct contact with it.

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98
Q

What is Personal Identity?

A

Who I am as an individual who can be compared with others

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99
Q

What are Socio-Psychological Processes?

A

Theses are forces shaping individual sense of identity.

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100
Q

What is Individual reality?

A

This is personalized core ideas about the self and environment.

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101
Q

What are Psychological structures and processes?

A

These are individual differences directly influencing cognition, and behavior.

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102
Q

What is Social mobility?

A

When positive social identity is threatened and people move between groups.

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103
Q

What does Social Creativity do?

A

Improve the desirability of group membership when social identity is threatened.

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104
Q

What is Social Conflict?

A

To overturn existing social order when social identity is threatened.

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105
Q

Who is The European Union?

A

This is an economic and political union of 28 member states that are located primary in Europe.

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106
Q

What is The ARAB Spring?

A

This is A series of protests and demonstrations that began in 2010.

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107
Q

low-income consumers are considered to be where economically?

A

At the “Bottom of the Pyramid”

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108
Q

What is Relative Advantage consist of?

A

Innovation that must be at least 10X better than the established product.

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109
Q

What is Communicability?

A

The degree to which benefits of an innovation can be communicated to a potential market.

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110
Q

What is Complexity?

A

This specifies that new products have to be as simple as pushing a button

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111
Q

What is Divisibility?

A

This asks “can a product be tried on a limited basis without great expense?”

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112
Q

What is Compatibility mean?

A

Consistent with existing values and past experiences of adopters.

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113
Q

This is when Individuals who have adopted an innovation influence others?

A

The Interaction Effect

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114
Q

Low value added agricultural and mineral products

A

These are the major exports of Oceana.

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115
Q

The Interaction Effect is the major reason for…?

A

The normal distribution of adapter categories

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116
Q

What is a Global Marketing Information System?

A

This is a means for gathering, analyzing and reporting relevant data to provide managers and other decision makers with a continuous flow of information about markets, customers, competitors, and company operations.

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117
Q

What is Direct Perception?

A

This means seeing, hearing, smelling or tasting for oneself.

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118
Q

What is Secondary Data?

A

Data from sources that already exists

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119
Q

What is Primary Data?

A

When secondary data is not available, this provides accurate data which exact answers to a given research problem.

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120
Q

What is Data?

A

raw facts

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121
Q

What is Information?

A

Data that had been processed.

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122
Q

What is Descriptive research?

A

This research consists of of primary data, quantitative data, and sample data. It describes markets and peoples behaviors?

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123
Q

What is Exploratory research?

A

This research tries to find out the problem, researching the problem about that particular item or person place or thing. It is Qualitative.

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124
Q

What are Scanning mode?

A

An informal information gathering, also known as viewing.

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125
Q

What is Causal research?

A

This research examines cause and affect relationships. It consists if both quantitative and qualitative research? (Example: the variable that fluctuates is cost which is affecting sales)

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126
Q

What is A Subject Agenda?

A

A list of subjects about which information is desired.

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127
Q

What is Monitoring?

A

It is the Scanning mode where special attention is paid to specific story or subject

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128
Q

What do Human Sources (expatriate sources) account for?

A

As much as 2/3rd of corporate information

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129
Q

What are Documentary Sources? (2)

A

1) Published public information
2) Unpublished private information

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130
Q

What is Search?

A

This is characterized by the deliberate seeking out of specific information?

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131
Q

What is an Investigation?

A

A limited and informal type of Search?

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132
Q

What is Research?

A

A formally organized type of Search to acquire specific information for a specific purpose.

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133
Q

What is “Big Data”?

A

A term used to describe the growing size of data banks so large that they require more sophisticated analytical tools than traditional smaller data banks

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134
Q

What is “Convergence Analytics”?

A

A term used to describe the use of advanced data gathering and data analysis to gain new insights into consumer behavior

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135
Q

What is A Latent market?

A

It is an undiscovered segment in which demand would materialize if an appropriate product were made available

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136
Q

What is Incipient Demand?

A

It is demand that will emerge if a particular economic, technological, political or sociocultural trend continues

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137
Q

What is Primary Data? (3)

A

1) Surveys
2) Interviews
3) Focus groups

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138
Q

What are examples of Secondary Data? (5)

A

1) Personal files
2) Company or public libraries
3) Online data bases
4) Government census records
5) Trade associations

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139
Q

What is Demand Pattern Analysis?

A

A type of analysis uses Industrial growth patterns to provide insight into market demand

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140
Q

What is Income elasticity measurements?

A

The relationship between demand for a good and changes in income

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141
Q

What is a Comparative analysis?

A

A type of analysis uses comparisons of market potential and market performance in different countries ?

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142
Q

What is a Cluster analysis?

A

A type of analysis group variables into clusters that maximize within group similarities and between group difference

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143
Q

To help shape strategy is the role of what

A

Organized competitive intelligence

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144
Q
  1. What is the function of marketing? (Ch1) (4)
A

1)Identify unfulfilled needs and wants 2)Define and measures their magnitude 3)Determine which target market the organization can best serve 4)Decide on the appropriate products, pricing, and promotion

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145
Q

What is the core of marketing? (Ch1)

A

To surpass the competition in creating perceived value for customers

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146
Q

What is the value equation? (Ch1)

A

Value=Benefits/Price (money, time, effort, etc)

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147
Q

What is the marketing mix? (Ch1)

A

Product, Promotion, Price and Place (channels of distribution)

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148
Q

What 3 ways can value to the customer be increased? (Ch1)

A
  1. An improved bundle of benefits 2. A lower price 3. Or both
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149
Q

When a company succeeds in creating more value for customers than its competitors it’s called…? (Ch1)

A

Competitive Advantage

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150
Q

How is Competitive Advantage measured? (Ch1)

A

Relative to rivals with whom you compete

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151
Q

What is a company that operates in more than one country, and gains marketing, production, R & D, and financial advantages that are not available to competitors? (Ch1)

A

A Global Firm

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152
Q

What is it called when a competitive advantage can be achieved by integrating and leveraging operations on a worldwide scale? (Ch1)

A

A Global Industry

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153
Q

Why is the discipline of marketing universal? (Ch1)

A

Because it satisfies needs and wants

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154
Q

What are 2 tasks of a global marketing manager? (Ch1)

A
  1. To find out to what extent marketing plans and programs can extend worldwide 2. To find out to which extent they must be adapted
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155
Q

What are the core issues of a firm’s GMS ( Global marketing strategy)? (2) (Ch1)

A
  1. Choosing the target market 2. Developing a marketing mix
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156
Q

Doing trade across national boundaries is called? (Ch1)

A

International Marketing

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157
Q

What challenges and decisions do companies face in international marketing? (4) (Ch1)

A
  1. Which countries to enter 2. How to enter the country 3. How to adapt their products/services 4. How to price their products
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158
Q

What is the largest single market in the world? (Ch1)

A

The U.S.

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159
Q

What are the four management orientations? (Ch1)

A
  1. Ethnocentric 2. Polycentric 3. Regiocentric 4. Geocentric
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160
Q

What do the form and substance of a company’s response to global market opportunities depend on? (Ch1)

A

Management’s assumptions and beliefs-both conscious and unconscious-about the nature of the world.

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161
Q

A person who assumes that his/her own country is superior to the rest of the world is considered? (Ch1)

A

Ethnocentric

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162
Q

The opposite view of ethnocentrism that believes that each country in which you do business is unique? (Ch1)

A

Polycentric

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163
Q

In this orientation, management views regions as unique and seeks to develop an integrated regional strategy (Ch1)

A

Regiocentric

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164
Q

This orientation views the world as a potential market and strives to develop integrated global strategies (Ch1)

A

Geocentric

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165
Q

What are the forces affecting global integration and global marketing? (Ch1) (9)

A
  1. Multilateral Trade Agreements 2. Converging Market Needs and Wants 3. The Internet revolution 4. Transportation Improvements 5. Communication Improvements 6. Product development costs 7. Quality 8. Leverage 9. World Economic Trends
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166
Q

When a company has an advantage because it has experience in more than one country it’s called? (Ch1)

A

LEVERAGE

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167
Q

What are the four types of leverage that exists? (Ch1) (4)

A
  1. Experience Transfers 2. Scale Economies 3. Resource Utilization 4. Global Strategy
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168
Q

What are some changes that countries are undergoing due to globalization? (Ch2) (6)

A
  1. Countries are becoming market driven 2. Removal of Protectionist Policies 3. Privatization 4. Fewer trade barriers 5. Trade liberalization 6. Need for economic development
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169
Q

Global marketing is becoming more and more important over the years with the increasing trend in ________________? (Ch2)

A

Internationalization

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170
Q

international globalization constitute the integration of national economies into the international economy through? (5) (Ch2)

A
  1. Trade 2. Direct Foreign Investment 3. Short-term capital flows 4. International flows of workers 5. Flows of technology
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171
Q

Overall population growth is now concentrated in the _________? (Ch2)

A

Developing world

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172
Q

Industrial nations are facing what as compared to emerging markets? (Ch2)

A

Industrial nations- increasingly older populations Emerging markets- remain young

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173
Q

Many counties that once relied on centrally planned economies are becoming __________? (Ch2)

A

Market Driven

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174
Q

Industries whose governments where previously restricted to foreign companies are now opening up to __________? (Ch2)

A

Foreign Investments

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175
Q

What are some things we have seen in the economy since WWII? (Ch2) (5)

A
  1. Emergence of global markets 2. Integration of world economy 3. Capital movements 4. Production “uncoupled” from employment 5. Individual countries no longer control economic outcomes
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176
Q

What has been the driving force of the economy since WWII? (Ch2)

A

Capital movements

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177
Q

What are some important trends that we will see in the world economy to come? (Ch2) (9)

A
  1. Economic activity will shift from West to East 2. Aging worldwide population 3. Shifts and growth in consumer segments 4.The demand for natural resources will continue to grow 5. Talent pools have become global in nature 6. Scrutiny of global firms’ worldwide practices will increase 7. The economics of information will be transformed 8. Changing industry structures 9. New models of corporate organization
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178
Q

National economic systems vary from…? (Ch2)

A

-Free market to -Controlled systems

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179
Q

What are the classifications base on dominant method of resource allocation? (Ch2)

A
  1. Market allocation 2. Command allocation 3. Mixed system
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180
Q

In this economic system individuals and firms allocate resources, and production resources which are privately owned. Consumers decide what goods they desire, and firms decide how much to produce; and the states role is to promote competition…? (Ch2)

A

Market capitalism

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181
Q

This economic system gives the state broad powers to serve the public as it sees fit. (Ch2)

A

Centrally-Planned Socialism

182
Q

In reality, there is no pure market or command allocation systems among the world’s economies. They are generally considered _______? (Ch2)

A

Mixed Systems

183
Q

Countries/Markets are at different stages of development. GNP per capita provides a useful way of grouping countries into 4 categories. What are they? (Ch2)

A
  1. High income countries 2. Upper-middle income countries 3. Lower-middle income countries 4. Low-income countries
184
Q

The income categories are useful for? (2) (Ch2)

A
  1. Market Segmentation 2. Target marketing
185
Q

What is the single most important indicator of market potential? (Ch2)

A

Income

186
Q

Comparison of goods and services that can be bought with local currency in different countries…? (Ch2)

A

Purchasing Power Parities

187
Q

This is the sums of the money values of all final goods and services produced during a year…? (Ch2)

A

Gross National Product (GNP)

188
Q

This is a record of all the economic transactions between residents of a country and the rest of the world…? (Ch2)

A

Balance of Payment

189
Q

This is a record of all of the recurring trade between countries…? (Ch2)

A

Current Account

190
Q

This is a record of all long-term direct investments, portfolio investment, and other short and long-term capital flows…? (Ch2)

A

Capital Account

191
Q

The percentage of potential buyers or households who own a product…? (Ch2)

A

Product Saturation Levels

192
Q

In countries with low capita income, product saturation levels are ____? (Ch2)

A

LOW

193
Q

The process of raising the level of prosperity and material living in a society through increasing the productivity and efficiency of its economy. (Ch2)

A

Economic Development

194
Q

In less industrialized regions, economic development is believed to be achieved by…? (Ch2)

A

An increase in industrial production and a relative decline in the importance of agricultural production.

195
Q

Most developing countries seeing a better standard of living are experiencing some degree of __________and_________? (Ch2)

A

Industrialization and Urbanization

196
Q

Many developing countries have abandoned _____ _____ in recent years and are adopting a _____ _____ approach towards economic development.(Ch2)

A
  1. Protection policies 2. Market driven
197
Q

Marketing (since it is concerned with the satisfaction of needs and wants and the optimum allocation of resources) ,if used effectively, can ensure that…? (Ch2)

A

Economic development is promoted

198
Q

The process of planning and executing the conception, pricing, promotion, and distribution of ideas, goods and services to create exchanges that satisfy individual and organizational objectives…? (Ch2)

A

Marketing

199
Q

Irrespective of its level of development, every economic system is suffused with _____ _____? (Ch2)

A

Marketing Activities

200
Q

Marketing activities are carried out by? (3) (Ch3)

A
  1. Firms 2. Governments 3. Individuals
201
Q

Global Marketing Activities are influenced by who? (2) (Ch3)

A
  1. Government Institutions 2. Political Parties and Organizations
202
Q

Environment determines attitude towards? (5) (Ch3)

A
  1. Sovereignty 2. Political Risk 3. Taxes 4. Dilution of Equity Control 5. Expropriation
203
Q

Supreme and Independent political authority…? (Ch3)

A

Sovereignty

204
Q

What two things does Sovereignty imply? (Ch3) (2)

A
  1. That the nation-state is the decision making authority of last resort in its territory 2. Is independent from other nation-states
205
Q

Sovereign nation-states are governed by…? (2) (Ch3)

A
  1. Economic Development 2. Political and Economic System
206
Q

What does Global market integration do? (Ch3)

A

It erodes economic sovereignty

207
Q

What is a political risk of entering a sovereign nation to do business? (Ch3)

A

Possible change in environment or government policy

208
Q

What happens when a countries perceived political risk is high? (Ch3)

A

They will have a difficult time attracting a foreign direct investment

209
Q

What happens when a country has lower level of political risk? (Ch3)

A

They tend to attract higher investments

210
Q

Level of political risk is inversely proportional to…? (Ch3)

A

A country’s state of economic development

211
Q

List four political risks. (Ch3)

A
  1. War 2. Social Unrest 3. Orderly political transfer 4. Politically motivated violence
212
Q

What is a primary cause of political risk in lower and lower-middle income countries? (Ch3)

A

Tension between aspirations and reality

213
Q

What is a political risk in high income countries? (Ch3)

A

Generally due to a Long standing conflict

214
Q

The less developed a country…? (Ch3)

A

The greater the risk.

215
Q

What else increases political risk? (2) (Ch3)

A
  1. Increased economic uncertainty 2. Cultural Differences
216
Q

How do many companies minimize tax liability? (Ch3)

A

By shifting locations of income

217
Q

When foreign companies reduce earnings by making loans to U.S. affiliates rather than using direct investment to finance U.S. activities it is called…? (Ch3)

A

“Earnings Strippings”

218
Q

When a foreign company utilizes “earnings strippings” what happens? (Ch3)

A

U.S. subsidiaries deduct the interest paid on loans, thereby reducing its tax burden.

219
Q

High taxation can lead to…? (Ch3)

A

Black Markets

220
Q

Companies attempt to limit tax liability by…? (Ch3)

A

Shifting the location of income

221
Q

In lower-income countries there is often political pressure for national control of what? (Ch3)

A

Foreign-owned companies

222
Q

What is the goal of national governance? (Ch3)

A

To protect the right of national sovereignty

223
Q

In underdeveloped countries, political pressure often causes companies to do what? (Ch3)

A

Often causes companies to take local partners (strategic alliances, joint-ventures)

224
Q

The governmental action to dispossess a company or investor is called? (Ch3)

A

Expropriation

225
Q

When the ownership of property and assets is transferred to the host government it is called? (Ch3)

A

Nationalization

226
Q

Nationalization without compensation is called? (Ch3)

A

Confiscation

227
Q

Severe limitations on economic activities. (Limitations on repatriation of profits, content requirements, quotas for hiring locals, price control) is called? (Ch3)

A

Creeping Expropriation

228
Q

The rules and principals nation-states consider binding upon themselves is called? (Ch3)

A

International law

229
Q

What are the two categories of international law? (Ch3)

A
  1. Public Law 2. International commercial law
230
Q

To reduce uncertainty, what organization attempts to provide guidelines? (Ch3)

A

The United Nations “International Court Of Justice”

231
Q

What are four legal systems? (Ch3) (4)

A
  1. Code Law 2. Common Law 3. Islamic Law 4. Civil Law
232
Q

This system of law is based on written norms (codices), supreme red by judicial decisions? (Ch3)

A

Code Law

233
Q

This system of law rests on traditional and precedence stemming from past jurisdiction? (Ch3)

A

Common Law

234
Q

In this type of country the legal system reflects the structural concepts and principals of the Roman Empire? (Ch3)

A

Civil Law country

235
Q

In this type of country dilutes are decided by reliance on the authority of last judicial decisions? (Ch3)

A

Common law country

236
Q

In this type of country companies Are legally incorporated by state authority? (Ch3)

A

Common law country

237
Q

In this type of country companies are formed by contract between two or more parties who are fully liable for the actions of the company (Ch3)

A

Civil law country

238
Q

This specifies which nation’s laws apply, when a transaction crosses boundaries? (Ch3)

A

Jurisdiction

239
Q

This ensures that patents and trademarks are registered in each country business is conducted? (Ch3)

A

Intellectual Property

240
Q

This is the unauthorized copying and production if a product? (Ch3)

A

Counterfeiting

241
Q

This is the unauthorized publication or reproduction of copyrighted work? (Ch3)

A

Piracy

242
Q

This is the legal system in many Middle Eastern countries? (Ch3)

A

Islamic Law

243
Q

These where designed to combat restrictive business practices and to encourage competition? (Ch3)

A

Antitrust Laws

244
Q

This prohibits certain business restrictive practices designed to limit competition? (Ch3)

A

The Sherman Act of 1890

245
Q

This group prohibits agreements and practices that prevent, restrict or distort competition? (Ch3)

A

The European Commision

246
Q

This act allows a contractual agreement in which a licenser allows a licensee to use patents, trademarks, trade secretes, technology or other intangible assets in return for royalty payments? (Ch3)

A

Licensing

247
Q

This is defined as “the misuse if entrusted power for private gain” (Ch3)

A

Corruption

248
Q

Corrupt activities take a variety of forms and range from? (Ch3)

A

-Bribery to -organized corruption

249
Q

What are two types of corruption and what can they affect? (Ch3)

A
  1. Centralized 2. Decentralized (They can affect growth)
250
Q

This regulation declares that U.s. individuals or enterprises face prosecution if they try to bribe a foreign official? (Ch3)

A

The US Foreign Corrupt Practices Act

251
Q

This consists of a variety of agencies that enforce laws or set guidelines for conducting business? (Ch3)

A

The Regulatory Environment

252
Q

The precursor GATT (general agreement on tariffs and trades) is based on what three principals? (Ch3)

A
  1. Non-discrimination 2. Open markets 3. Fair trade
253
Q

What is one difference between domestic and global marketing?(Ch1)

A

The scope of activities

254
Q

What is one difference between domestic and global marketing? (Ch1)

A

The scope of activities

255
Q

What is the sole objective of product-focused marketing? (Ch1)

A

Profitability

256
Q

This is the reward for performance achieved by satisfying customers. (Ch1)

A

Sustainable profitability

257
Q

What are six parts that global marketing strategy can be based on? (Ch1)

A

1) Product or system design and innovation 2) Product positioning 3) Packaging 4) Customer service 5) Sourcing considerations 6) Distribution and logistics

258
Q

What are 5 global marketing strategies (GMS)? (Ch1)

A

1) Global market participation 2) Standardization vs Adaptation 3) Concentration of marketing activities 4) Coordination of marketing activities 5) Integration of competitive moves

259
Q

This is the extent to which each marketing mix element can be standardized (used the same way) or must be adapted (used in different ways) in different country markets? (Ch1)

A

Standardization versus adaptation

260
Q

This is the extent to which a company has operations in major world markets? (Ch1)

A

Global market participation

261
Q

This is the extent to which activities related to the marketing mix (such as pricing decisions) are performed in one or only a few country locations? (Ch1)

A

Concentration of marketing activities

262
Q

This is the extent to which marketing activities related to the mix are planned and executed interdependent around the globe? (Ch1)

A

Coordination of marketing activities

263
Q

This is the extent to which a firms competitive marketing tactics in different parts of the world are interdependent? (Ch1)

A

Integration of competitive moves

264
Q

What happens when parties that do not respond to the challenges and opportunities of globalization? (Ch1)

A

They will be absorbed by more dynamic companies

265
Q

What is one mistake that many globalizing firms continue to make? (Ch1)

A

-executing strategies as they would for more mature markets -instead of recognizing cultural and geographic differences

266
Q

What type of company is a polycentric company considered? (Ch1)

A

A multinational company

267
Q

Companies whose management has a regiocentric or geocentric orientation is considered a? (Ch1)

A

Global or Transnational company

268
Q

What are 4 types of leverage that exist? (Ch1)

A

1) Experience Transfers 2) Scale Economies 3) resource Utilization 4) Global Strategy

269
Q

When a company leverages it’s experience in any market in the world by drawing on management practices, strategies, products, advertising appeals, or sales or promotional ideas that have been market-tested in one country and applied to another it’s called? (Ch1)

A

Experience Transfers

270
Q

When a global company takes advantage of its greater manufacturing volume to obtain traditional scale advantages it’s called? (Ch1)

A

Scale Economies

271
Q

A global companies ability to scan the entire world to identify people, money, and raw materials that will enable it to compete most effectively in world markets it is what type of leverage? (Ch1)

A

Resource Utilization

272
Q

This is a global companies greatest advantage and is a design to create a winning strategy on a global scale? (Ch1)

A
  • Global Strategy built on an information systems -To identify opportunities, trends, threats, and resources
273
Q

These are the prices of one currency in terms of another? (Ch2)

A

Exchange rates

274
Q

If exchange rates change, so do the prices of? (2) (Ch2)

A

1) Exports 2) Imports

275
Q

Today, the majority of countries have legal systems based on______ traditions (Ch3)

A

civil-code

276
Q

Patents and trademarks that are protected in one country are protected in another country, (Ch3)

A

not necessarily

277
Q

global marketers must ensure that patents and trademarks are_______ in each country where business is conducted (Ch3)

A

registered

278
Q

In the United States, patents, trademarks and copyrights are registered with? (Ch3)

A

the Federal Patent Office

279
Q

the patent holder retains? (Ch3)

A

all rights for the life of the patent even if the product is not produced or sold

280
Q

Legal system in many Middle Eastern countries is based on? (Ch3)

A

Islamic Law

281
Q

In lower-income countries, often political pressure for national control of ? (Ch3)

A

foreign-owned companies

282
Q

Patents and trademarks that are protected in one country are not necessarily _________ ? (Ch3)

A

protected in another country,

283
Q

Islamic Law is based on ? (Ch3)

A

the Sharia - a comprehensive code governing Muslim conduct in all areas of life

284
Q

Three types of corruption (Ch3) (3)

A

1) Bureaucratic corruption 2) Grand Corruption 3) Influence Peddling

285
Q

Institutions such as the International Chamber of Commerce have established ? (Ch3)

A

courts of arbitration that can be employed by global companies

286
Q

Influence Peddling is also known as what?

A

State Capture

287
Q

Bribes, and kickbacks, - embezzlement of public funds - granting favors in exchange for personal consideration are what type of corruption?

A

Bureaucratic corruption

288
Q

Misappropriation or misuse of large amounts of public resources by state officials is what type of corruption?

A

Grand Corruption

289
Q

Collusion between members of the private sector and public officials to gain mutual benefit is what type of corruption?

A

Influence Peddling

290
Q

Culture includes all we have learned in relation to? (2x2) (4)

A

1) values and norms 2) customs and traditions 3) beliefs and religions 4) rituals and artifacts

291
Q

Is culture learned or innate?

A

Learned

292
Q

This occurs when populations segments diverge in culture?

A

Cultural Fragmemtation

293
Q

To prevent cultural Fragmentation marketers need to take into account what?

A

The local culture of the country in which you want to market

294
Q

This is a mode of behavior existing in all cultures?

A

Universal

295
Q

These are opportunities to standardize some or all elements of a marketing program?

A

Universal Aspects

296
Q

Things like-Athletic sports, body adornment, religious rituals, and music are considered?

A

Cultural universals

297
Q

Increasing in traveling and improving communications are leading to?

A

Convergence

298
Q

What are the 8 major elements of culture?

A

1) material 2) language 3) aesthetics 4) education 5) religion 6) attitudes and values 7) social organizations 8) law and politics

299
Q

Every society has these elements and they are used to formulate behavior and purchasing patterns?

A

The major elements of culture

300
Q

This aspect of culture refers to tools, artifacts and technology?

A

Material culture

301
Q

This part of culture reflects the nature and values of society? It is the base of communication.

A

Language

302
Q

This refers to the ideas of culture containing beauty and good taste?

A

Aesthetics

303
Q

This refers to the transmission of skills, ideas, and attitudes as well as training in particular disciplines?

A

Education

304
Q

This is the level of influence of class that needs to be considered?

A

Social organization

305
Q

This provides the best insight belief and ritual structure into a society’s behavior?

A

Religion

306
Q

_________ often have a religious foundation, and ________ relate to economic activities?

A

Attitudes and values

307
Q

What are the two Analytical approaches to cultural factors?

A

1) Standardized cultural classification 2) Ethnographic and other non-survey approaches

308
Q

This is using standardized measures to classify countries?

A

Standard cultural classification

309
Q

This is using qualitative techniques to classify countries?

A

Ethnographic and other non-survey approaches

310
Q

In this model individuals fulfill lower level needs, and then progress to higher level needs?

A

Maslow’s hierarchy of needs

311
Q

What are the 5 parts of Maslow’s original hierarchy of needs?

A

1) psychological needs 2) safety needs 3) social needs 4) esteem 5) self-actualization

312
Q

What are the 5 Asian equivalents to Maslow’s hierarchy of needs?

A

1) psychological 2) safety needs 3) affiliation 4) admiration 5) status

313
Q

These are used when culture constructs may differ across societies or change over time. These also provides rich portraits of people and their society?

A

Ethnographic and Other non-survey approaches

314
Q

What are Hofstede’s Cultural Dimensions? (5)

A

1) Power distance 2) individualism vs. collectivism 3) Masculinity vs. femininity 4) Uncertainty Avoidance 5) Long term vs. Short term Orientation

315
Q
  • Builds on Hofstede -Explains cultural effects in organizational structures and processes -Nine culture-level dimensions partially overlapping Hofstede
A

Project globe

316
Q

This is the unconscious reference to one’s own cultural values?

A

The Self-Reference criterion (SRC)

317
Q

This is the extent to which products must be adapted to the culture-specific needs of different national markets?

A

Environmental Sensitivity

318
Q

These require significant adaptation to the environments of various global markets?

A

Environmentally sensitive products

319
Q

These do not require significant adaptation to the environments of various global markets?

A

Environmentally insensitive products

320
Q

Society’s endorsement of inequality, and it’s inverse as the expectations of relative equality in organizations and institutions?

A

Power distance

321
Q

The tendency of individuals primarily to look after themselves and their immediate families and it’s inverse in the integration of people into cohesive groups?

A

Individualism

322
Q

An assertive or competitive orientation, as well as sex role distribution and it’s inverse is a more modest caring attitude towards others is called?

A

Masculinity

323
Q

This taps a feeling of discomfort in unstructured or unusual circumstances whilst the inverse show tolerance of new or ambiguous circumstances?

A

Uncertainty Avoidance

324
Q

What are the two types of cultural contexts?

A

1) High context cultures 2) low context cultures

325
Q

These cultures have these features -less information is contained in the verbal part of the message -more information resides in the context of communication (background, associations, basic values of communicators) -Japan, Saudi Arabia

A

High-context cultures

326
Q

This occurs when cultures become more similar?

A

Cultural convergence

327
Q

What cultures have these features? -messages are explicit -words carry most of the information in communication -U.S., Switzerland, Germany

A

Low-context cultures

328
Q

According to Cross Cultural psychologist Michael Bond Culture is a shared system of? (4)

A

1) Beliefs 2) Values 3) Expectations 4) Behavioral meaning

329
Q

Learning about other cultures through continuous direct contact with it is called?

A

Acculturation

330
Q

Why is culture developed by a group?

A

To provide the requirements of communal life

331
Q

What are Culture Layers ?(4)

A

1) Collective Reality 2) Socio-Psychological Processes 3) Psychological structures and processes 4) Individual reality

332
Q

Who I am as an individual who can be compared with others

A

Personal Identity

333
Q

What are the two parts of Social Identity?

A

1) Who we are as a member of emotionally important social group 2) Who I am in relations and responsibilities to others

334
Q

When positive social identity is threatened, people employ three basic strategies?

A

1) Social Mobility 2) Social Creativity 3) Social Conflict

335
Q

What cultures have these features? Lawyers - less important A person’s word - his/ her bond Time - everything in its time Negotiations - lengthy Competitive Bidding - infrequent

A

High-Context

336
Q

Global marketers must recognize the influence of what ?

A

culture

337
Q

What are the factors of the Collective Reality layer of culture? (3)

A

1) Ecological factors 2) Economic factors 3) Social political factors

338
Q

Theses are forces shaping individual sense of identity?

A

Socio-Psychological Processes

339
Q

These are personalized core ideas about the self and environment?

A

Individual reality

340
Q

These are individual differences directly influencing cognition, and behavior?

A

Psychological structures and processes

341
Q

When positive social identity is threatened and people move between groups?

A

Social mobility

342
Q

Improve the desirability of group membership when social identity is threatened?

A

Social Creativity

343
Q

To overturn existing social order when social identity is threatened, it’s called?

A

Social Conflict

344
Q

What cultures have these features? Lawyers - very important A person’s word - get it in writing! Time - time is money! Negotiations - quick Competitive Bidding - frequent

A

low-context

345
Q

1) values and norms 2) customs and traditions 3) beliefs and religions 4) rituals and artifacts

A

Culture includes all we have learned in relation to? (2x2) (4)

346
Q

This is an economic and political union of 28 member states that are located primary in Europe?

A

The European Union

347
Q

What are 4 pricing strategies in the EU?

A

1) more competitive 2) withdrawal of restrictions on foreign products 3) anti-monopoly measures 4) widening of public procurement market

348
Q

What are 3 product strategies in the EU?

A

1) harmonization of product standards 2) harmonization in packaging 3) common patenting and branding

349
Q

What are 3 promotion strategies in the EU?

A

1) common guidelines for TV broadcasting 2) Deregulation of national monopolies 3) uniform standard for TV commercials

350
Q

What are 2 distribution strategies in the EU?

A

1) simplification of transit documents and procedures 2) Elimination of customs formalities

351
Q

What is NAFTA ?

A

.North American Free Trade Association 1) United States 2) Canada 3) Mexico

352
Q

Who are the 5 economic “tigers” of the Asian-Pacific?

A

1) China 2) Japan 3) South Korea 4) Taiwan 5) Singapore

353
Q

What are Russia demographics ? (3)

A

1) One of the biggest, most promising markets in the world 2) Strong oil revenues 3) Foreign direct investment

354
Q

What are China’s demographics ? (4)

A

1) Most populated country 2) Second largest economy 3) Largest global supplier of consumer goods 4) Fourth largest country

355
Q

This is a theory that seeks to explain how, why, and at what rate new ideas and technology spread through cultures?

A

Diffusion theory

356
Q

What are the 5 steps of the adoption process of diffusion theory?

A

1) Awareness 2) Interest 3) Evaluation 4) Trail 5) Adoption

357
Q

In diffusion theory, what are the 5 adopter categories?

A

1) Innovators 2) Early adopters 3) Early majority 4) Late majority 5) Laggards

358
Q

How big is China ? (2)

A

1) slightly smaller than the US 2) approximately 6 million square miles

359
Q

What are the 5 characteristics of innovation?

A

1) Compatibility 2) Complexity 3) Communicability 4) Divisibility 5) Relative Advantage

360
Q

Over two-thirds of the world’s income is concentrated in ?

A

The Triad

361
Q

The Rest of the World is now growing at ?

A

a much faster and sustained rate than the Triad

362
Q

The Triad consists of ? (3)

A

1) European Union 2) Japan 3) North America - Excluding Mexico

363
Q

The vanguard of this growth in the world other than the triad is the BRIC-IT group

A

B) Brazil R) Russia I) India C) China I) Indonesia T )Turkey

364
Q

What is the common currency of the EU

A

The Euro

365
Q

What percentage of the EU has adopted the Euro

A

60%

366
Q

What are the demographics of the European Union (4)?

A

1) Economically bigger than the United States 2) 3rd largest population, after China and India 3) France is the largest country 4) Malta is the smallest

367
Q

What are some problems with Russia ? (3)

A

1) Economy largely dependent on oil revenues 2) Continuous and entrenched corruption 3) Increasingly autocratic political leadership

368
Q

What are the demographics of Japan ? (4)

A

1) Total territory = 0.28% of the world total 2) Mostly mountainous 3) 3% is residential 4) Industrial is 1.4%

369
Q

10 of the 27 countries ranked as “emerging markets” by the Economist are located where ?

A

Asia-Pacific

370
Q

Can China be considered one large unified market ?

A

NO

371
Q

Why is Japan experiencing an acute shortage of workers?

A

Steadily declining birthrate

372
Q

The major barriers to entry in Japan are ?

A

Nontariff barriers

373
Q

What are India’s demographics ? (2)

A

1) Ninth largest economy in the world 2) Almost 40% of population live below poverty line

374
Q

Who are the two emerging economic giants in Asia

A

1) China 2) India

375
Q

What are Indonesia Demographics(5)?

A

1) Most populous Islamic country in the world 2) Language is Bahasa 3) Third most populous democracy in the world after US and India 4) Fourth most populous country in the world 5) Total land area is three times larger than Texas

376
Q

What is Oceania ?

A

Comprised of Australia and New Zealand

377
Q

What are the demographics of Latin America? (2)

A

1) A fast growing region 2) Population greater than Europe or North America

378
Q

What does Latin America and the Caribbean consist of ?

A

1) South America 2) Central America 3) the Caribbean

379
Q

What are the demographics of Brazil ? (2)

A

1) Largest country in Latin America 2) “B” in BRIC-IT

380
Q

What are the demographics of the Middle East and North Africa ? (2)

A

1) Region encompasses 14 countries 2) The majority of the population is Arab Large percentage Persian Small percentage Israeli

381
Q

What are key economic elements of Latin America ? (3)

A

1) Balanced budgets 2) Privatization 3) Democracy-Except Bolivia and Venezuela

382
Q

What is the political situation in the Middle East ? (2)

A

1) Political and social instability 2) Long been a battleground of rival religions, tribes, nations, and dynasties

383
Q

How is business conducted in the Middle East and North Africa ? (5)

A

1) Driven by the price of oil 2) Connections 3) Bargaining 4) business done with the person, not the company 5) Male dominated society

384
Q

What are the demographics of Israel ? (4)

A

1) High Income 2) Technology Advanced 3) Slightly larger than New Jersey 4) Literacy rate is 92%

385
Q

What are the demographics of Sub-Saharan Africa ? (2)

A

1) Comprised of 48 countries 2) Nigeria and South Africa Account for over two thirds of the Sub-Saharan GDP

386
Q

This is A series of protests and demonstrations that began in 2010

A

The ARAB Spring

387
Q

What is the business climate of Sub-Saharan Africa? (5)

A

1) Rising Productivity 2) Expanding Trade 3) Lower Inflation 4) Lower Foreign debts 5) Declining Budget Deficits

388
Q

What are the three basic principles for developing products for the “Bottom of the Pyramid” ? (3)

A

1) Affordability 2) Access 3) Availability

389
Q

Who is at “Bottom of the Pyramid” ?

A

low-income consumers

390
Q

What does innovation that must be at least 10X better than the established product give you?

A

Relative Advantage

391
Q

What is the degree to which benefits of an innovation can be communicated to a potential market?

A

Communicability

392
Q

This specifies that new products have to be as simple as pushing a button

A

Complexity

393
Q

This asks can a product be tried on a limited basis without great expense?

A

Divisibility

394
Q

Consistent with existing values and past experiences of adopters?

A

Compatibility

395
Q

Describe Early Adopters (4)

A

1) Most influential people 2) Younger 3) High social status 4) More favorable financial position

396
Q

What is the Interaction Effect ?

A

Individuals who have adopted an innovation influence others

397
Q

What country is China’s largest trading partner?

A

US

398
Q

What differences within China make it so it cannot be considered one large unified market? (4)

A

1) Culture 2) Language 3) Tastes 4) Economic Development

399
Q

What are two results of Japan’s shortage of workers? (2)

A

1) Young women entering the business 2) Creating changes in the marketplace

400
Q

What are 4 non-tarrif barriers for entry to Japan?

A

1) Expense 2) Custom & Tradition 3) Practice 4) Preference

401
Q

What are the major exports of Oceana?

A

Low value added agricultural and mineral products

402
Q

What is the major reason for the normal distribution of adapter categories

A

The Interaction Effect

403
Q

This is a means for gathering, analyzing and reporting relevant data to provide managers and other decision makers with a continuous flow of information about markets, customers, competitors, and company operations.

A

Global Marketing Information System (pg 168)

404
Q

What are the three basic information source types ?

A

1) Human Sources 2) Documentary Sources 3) Direct Perception

405
Q

In FORMAL MARKETING RESEARCH, what are the 5 steps of the research process?

A

1) identifying the research problem 2) developing a research plan 3) collecting data 4) analyzing research data 5) presenting the findings (Pg 177)

406
Q

This means seeing, hearing, smelling or tasting for oneself?

A

Direct Perception (pg 176)

407
Q

What are 4 possible problems with secondary data?

A

1) Accuracy 2) Availability 3) Timeliness 4) Comparability of data

408
Q

When secondary data is not available, this provides accurate data which exact answers to a given research problem?

A

Primary Data (pg 182)

409
Q

What are 3 possible problems with Primary data?

A

1) difficulties in gaining the data 2) cost 3) more time is necessary to gather the data

410
Q

These are raw facts?

A

Data

411
Q

This is data that had been processed?

A

Information

412
Q

This research consists of of primary data, quantitative data, and sample data. It describes markets and peoples behaviors?

A

Descriptive research

413
Q

What are the three types of research?

A

1) Exploratory 2) Descriptive 3) Causal

414
Q

This research tries to find out the problem, researching the problem about that particular item or person place or thing. It is Qualitative.

A

Exploratory

415
Q

This is informal information gathering, and accounts for 75% of corporate information. Also known as viewing.

A

Scanning modes

416
Q

This research examines cause and affect relationships. It consists if both quantitative and qualitative research? (Example: the variable that fluctuates is cost which is affecting sales)

A

Causal research

417
Q

What are 4 advantages of online research?

A

1) No interviewer bias 2) Lower costs 3) Faster 4) Accurate

418
Q

What are 2 disadvantages of online research?

A

1) researcher cannot explain questions 2) researcher cannot ask follow-up questions

419
Q

What are 5 current issues in global marketing research? (pg189)

A

1) Must analyze many markets to recognize unique characteristics 2) Must devise techniques to study small markets 3) In developing countries, data may be questionable 4) Comparability 5) Consumer may be hard to reach

420
Q

For the integrated approach to information collection-When does a company need organized intelligence? What questions would you ask to find out?(4) (pg 192)

A

1) Are top executives well informed? 2) Has management been surpassed by developments in the marketplace? 3) Do presentations by middle managers show intimate knowledge? 4) Do decision makers suffer from information overload?

421
Q

What are 5 examples of Analyzing research data?

A

1) Demand pattern analysis 2) Income elasticity measurements 3) Comparative analysis 4) Cluster analysis 5) Market estimation by analogy (pg 185)

422
Q

What is a list of subjects about which information is desired ?

A

A Subject Agenda

423
Q

What is the technical term for the process of information acquisition ?

A

Scanning

424
Q

What are Subject Agenda Categories for a Global Marketing Information System ? (6)

A

1) Markets 2) Competition 3) Foreign Exchange 4) Prescriptive Information 5) Resource Information 6) General Conditions

425
Q

What is Prescriptive Information ?

A

1) Laws 2) Earnings 3) Regulations 4) Dividends 5) Rulings concerning taxes

426
Q

What is the Scanning mode where special attention is paid to specific story or subject ?

A

Monitoring

427
Q

As much as 2/3rd of corporate information come from what source ?

A

Human Sources

428
Q

Published public information and unpublished private information are two major types of what?

A

Documentary Sources

429
Q

What combines the three basic information sources ?

A

The Internet

430
Q

What is characterized by the deliberate seeking out of specific information?

A

Search

431
Q

What is a limited and informal type of Search?

A

Investigation

432
Q

What is a formally organized type of Search to acquire specific information for a specific purpose ?

A

Research

433
Q

What facilitates virtual conversations and has the potential to reach consumers and influence purchasing behavior and brand awareness?

A

Social media

434
Q

What is the term used to describe the growing size of data banks so large that they require more sophisticated analytical tools than traditional smaller data banks ?

A

“Big Data”

435
Q

What is the term used to describe the use of advanced data gathering and data analysis to gain new insights into consumer behavior?

A

“Convergence Analytics”

436
Q

What is the background information or context one gets from observing a situation that can help fill in the “big picture”

A

Direct Perception

437
Q

What is an undiscovered segment in which demand would materialize if an appropriate product were made available ?

A

A Latent market

438
Q

What is demand that will emerge if a particular economic, technological, political or sociocultural trend continues ?

A

Incipient Demand

439
Q

A problem well defined is ?

A

A problem half solved

440
Q

Two questions a marketer should ask are:

A

1) What information do I need 2) Why do I need this information

441
Q

What type of data are surveys,interviews,and focus groups

A

Primary Data

442
Q

What type of data are personal files, company or public libraries, online data bases, government census records, trade associations

A

Secondary Data

443
Q

What type of analysis uses Industrial growth patterns to provide insight into market demand ?

A

Demand Pattern Analysis

444
Q

The relationship between demand for a good and changes in income?

A

Income elasticity measurements

445
Q

Is demand for appliances elastic or inelastic ?

A

Elastic

446
Q

Is demand for food elastic or inelastic ?

A

Inelastic

447
Q

What type of analysis uses comparisons of market potential and market performance in different countries ?

A

Comparative analysis

448
Q

What type of analysis group variables into clusters that maximize within group similarities and between group difference ?

A

Cluster analysis

449
Q

In what type of company is responsibility for research delegated to the operating subsidiary ?

A

Multinational, Polycentric Company

450
Q

What type of company delegates research to the operating subsidiary but retains overall responsibility and control of research at the headquarters function ?

A

Global, Geocentric Company

451
Q

What is the role of organized competitive intelligence?

A

To help shape strategy

International Marketing BA-494-01 (1 decks)

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