Exam 2 Study Term Flashcards

1
Q

Culture

A

Set of values, beliefs, rules and institutions held by a specific group of people

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2
Q

Subculture

A

a group of people who share a unique way of life within a larger, dominant culture.

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3
Q

Ethnocentricity

A

is the belief that one’s own ethnic group or culture is superior to that of others.

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4
Q

Cultural Literacy

A

detailed knowledge about a culture that enables a person to work happily and effectively within it

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5
Q

Values

A

Ideas, beliefs, and customs to which people are emotionally attached.
ex. honesty, freedom, and responsibility

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6
Q

Attitudes

A

reflect a people’s underlying values and tendencies that individuals harbor toward objects or concepts

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7
Q

Manners

A

appropriate ways of behaving, speaking and dressing in a culture

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8
Q

customs

A

habits or ways of behaving in specific circumstances that are passed down through generations in a culture.

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9
Q

Social structure

A
embodies a culture's fundamental organization, including its groups and institutions, its system of social positions and their relationships, and the process by which its resources are distributed. 
3 groups:
social group associations
social status
social mobility
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10
Q

social group association

A

collection of two or more people who identify and interact with each other

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11
Q

social status

A

positions within the structure

social stratification

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12
Q

social mobility

A

ease with which individuals can move up or down a culture’s social ladder

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13
Q

Brain Drain

A

Departure of highly educated people from one profession, geographic region, or nation to another

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14
Q

communication

A

system of conveying thoughts, feelings, knowledge, and information through speech, writing and actions

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15
Q

body language

A

Communicated through unspoken cues, including hand gestures, facial expressions, physical greetings, eye contact, and the manipulation of personal space.

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16
Q

M or Monochromatic

A

time is very linear and is a very ridged/precise thing

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17
Q

p or polychromatic

A

time runs on many levels simultaneously

18
Q

cultural diffusion

A

The process whereby cultural traits spread from one culture to another

19
Q

cultural imperialism

A

the replacement of one culture’s traditions, folk heroes, and artifacts with substitutes from another

20
Q

Segmentation

A

Breaking large group of potential customers into smaller groups that have common needs. Similar reaction to marketing efforts

21
Q

Targeting

A

Identifying which segments to go after

22
Q

Differentiaion

A

Defining how you are going to be different from competitors targeting that segment
**focuses on developing a marketing mix that your target consumers will see as distinct from and superior to competing mixes.

23
Q

Positioning

A

The strategy of making your brand occupy a distinct “position” in the minds of consumers

24
Q

The 4 P’s

A

product, promotion and place

25
Pricing Methods
Cost-based pricing market-based pricing value-based pricing
26
Blending Product and Promotional Strategies
Product/Communications Extension(Dual Extension) Product Extension/Communications Adaptation Product Adaptation/Communications Extension Extension Product/communication Adap
27
Product/Communications Extension (Dual Extension)
Extend the same home-market product and marketing promotion into target markets. slide 55
28
Product Extension/ Communications Adaption
Extend the same product into target markets but alters its promotion
29
Product Adaptation/Communications Extension
Adapt the product to the requirements of the international market while retaining the product's original marketing communication
30
Product/Communications Adaptation (Dual Adaption)
Adapt both the product and its marketing communication to suit the target market
31
Human Resource Management
Process of staffing a company and ensuring that employees are as productive as possibile
32
Human Resource Management
Process of staffing a company and ensuring that employees are as productive as possibile
33
Ethnocentric Staffing
Staffing policy in which individuals from the home country manage operations aboard
34
Polycentric Staffing
staffing policy in which individuals from the host country mange operations
35
Geocentric Staffing
staffing policy in which the best-qualified individuals, regardless of nationality, manage operations aboard
36
Human Resource Planning
Process of forecasting a company's human resource needs and its supply
37
Phases of Human Resource Planning
1. Take inventory of current human resources 2. Estimate firm's future human resource needs 3. Develop plan to recruit and select people for vacant and anticipated new positons
38
Recruitment
Process of identifying and attracting a qualified pool of applicants for vacant positions
39
Culture Shock
Psychological process affecting people living abroad that is characterized by homesickness, irritability, confusion, aggravation, and depression
40
expatriate failure
the early return by an employee from an international assignment because of inadequate job performance
41
Reverse Culture Shock
Psychological process of re adapting to one's home culture