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A consumer products company produces inexpensive goods in underdeveloped markets, then repackages them as cost-effective innovations for Western buyers. This is an example of glocalization.

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What does purchasing power parity mean?

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A frequently used metric of an overall e...

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Global marketers typically find distribution in developing countries is more complex because


A) they must go through many different types of distribution channels.
B) distribution is more heavily regulated in developing countries.
C) most consumers in developing countries live in densely populated cities.
D) the infrastructure is more advanced in most developing countries.
E) consumers in developing countries have very specific preferences.

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You have been asked to evaluate the economic potential of a new global market. What economic measures would you use? Explain each measure.

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To evaluate the economic potential of a ...

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Cory is working on a global marketing assessment team looking out well into the future to help determine the most attractive market areas around the world. He is evaluating market sizes and growth rates. Based on population growth rates in different regions, he should consider that


A) countries with high purchasing power today may not continue to show the same growth in the future.
B) the United States and Western Europe will have dramatic increases in population growth leading to overcrowding.
C) the middle class in India will continue to shrink as the rich get richer and the poor get poorer.
D) in places like India, urban population centers will become increasing unattractive and the rural areas will experience major growth in population.
E) the global population is expected to grow at staggering rates indefinitely.

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In what three ways are global segmentation, targeting, and positioning more complicated than domestic STP?

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First, firms considering a global expans...

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When and why do many American firms begin their global expansion efforts by exporting?

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Many American firms begin global expansi...

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Why should marketers be aware of the BRIC countries?


A) They are a microcosm of the rest of the world.
B) They represent almost half the world's population.
C) They are likely to be the source of most market growth.
D) They have had the most dramatic changes in culture and consumer buying patterns.
E) They have stable population growth, which makes them easier to study.

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The Big Mac Index is a measure of economic health in a country.

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When the value of the dollar declines in relation to other currencies, it benefits U.S. marketers who


A) export goods to other countries.
B) import goods from other countries.
C) engage in countertrade.
D) enforce import quotas.
E) outsource labor.

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