Cultural Awareness & Business Part I Flashcards

1
Q

Cultural and consumer needs and wants

A
  • Culture influences what we buy
  • Businesses should never assume that a product that is successful in their country will be successful anywhere else
  • Success of products depends on consumer demand and proper marketing
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2
Q

CULTURAL INTELLIGENCE

A

The capability to adapt, relate, and work effectively across various cultures.

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3
Q

CULTURAL MARKETING

A
  • Uses marketing resources to create effective international marketing campaigns that will appeal to consumers in specific countries
  • Sees the world as composed of individual markets, all based on unique cultures
  • Tailors its marketing approach to each country’s specific tastes
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4
Q

Adapting to Cultural Differences

A
  1. Identify if people in the specific culture would buy the product
  2. Are they familiar with the brand or logo?
  3. Does the colour have to be changed?
  4. Ensure the translation makes sense
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