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Copyright?2020McGraw-HillEducation.Allrightsreserved.
NoreproductionordistributionwithoutthepriorwrittenonsentofMcGraw-HillEducation.
InternationalMarketing,18e(Cateora)
Chapter14ProductsandServicesforBusinesses
1)Forfirmsproducingproductsandservicesforindustrialmarkets,thechiefreasonforventuringabroadistheprospectofhighprofitswithnorisk.
2)Thesinglemostimportantdifferencebetweenconsumerandindustrialmarketingisthecyclicalswingsindemandinherentinthelatter.
3)Managersneedtounderstandtheconceptofderiveddemand,particularlywhentheyaresellingcapitalequipmentandbig-ticketindustrialservices.
4)Deriveddemandcanbedefinedasdemandthatisnotdependentonanothersource.
5)Industrialdemandisunaffectedbychangesinconsumerdemand.
6)Oneofthewaysthatanindustrialfirmshouldmanagetheinherentvolatilityoftheindustrialsectorisbyincreasingadvertisingexpenditureduringbooms.
7)Themostsignificantenvironmentalfactoraffectingtheinternationalmarketforindustrialgoodsandservicesisthedegreeofstandardization.
8)Thedegreeofeconomicdevelopmentofacountrycanbeusedasaroughmeasureofthecountry'sindustrialmarket.
9)InStage1(thetraditionalsociety)ofRostow'sfive-stagemodelofeconomicdevelopment,themostimportantindustrialdemandislabor.
10)InRostow'sfive-stagemodelofeconomicdevelopment,countriesinStage5(theageofmassconsumption)aremostlyserviceeconomies.
11)Acountrycanleapseveralstagesofeconomicdevelopmentbyusingtechnologyaseconomicleverage.
12)OneoftheinterrelatedtrendsthatspurredthedemandfortechnologicallyadvancedproductswasthedisintegrationoftheSovietempire.
13)Goodqualityasinterpretedbyahighlyindustrializedmarketisthesameasthatinterpretedbystandardsofalessindustrializednation.
14)Aproductthatexceedsperformanceexpectationscanalsobeconsideredtobeofpoorquality.
15)Aproductwhosedesignreflectstheneedsandexpectationsofthebuyer—nomore,noless—isaqualityproduct.
16)Thelackofcommonstandardsformanufacturinghighlyspecializedequipmentisaproblemininternationalsalesofindustrialproducts.
17)Theadoptionofuniversalqualitystandardswouldmeanthattheperceptionsofindustrialproductqualitywouldalsobestandardized.
18)Whilecountrieshavestandardsforproductsproducedwithinitsborders,therearenosuchstandardsthatareapplicabletoimportedgoods.
19)TheU.S.DepartmentofCommercehasmandatedthatallU.S.governmentpurchasesusethemetricsystem.
20)TheISO9000certificationguaranteesthateachproductorserviceproducedbyacompanyisofthehighestquality.
21)ToreceiveISO9000certification,acompanyrequestsacertifyingbodytoconductaregistrationassessment.
22)Formanyindustrialproducts,therevenuefromassociatedservicesexceedstherevenuefromtheproductsthemselves.
23)Forinternationalusersofheavyconstructionequipment,themanufacturer'scountryoforiginisofprimaryimportanceinpurchasingconstructionequipment.
24)Amanufacturerwhodoesnotprovideafter-salesservicesandsupportcouldalsobeforgoingtheopportunityofparticipatinginalucrativeaftermarket.
25)Communismisthemostseriousthreattothecontinuedexpansionofinternationalservicestrade.
26)Acompanywebsiteisthemostimportantvehicleforsellingindustrialproducts,reachingprospectiveB2Bcustomers,andmarketinginmostcountries.
27)TradeshowsserveamuchmoreimportantroleintheU.S.thaninothercountries.
28)Indifficulteconomicandpoliticalcircumstancesorotherwise,onlinetradeshowsareamorethanadequatesubstituteforphysicaltradeshowsortradefairs.
29)Thesalesofindustrialgoodsaredrivenbythebuyer'sneedtomakeprofits.
30)Relationshipmarketingshiftsthefocusawayfrompricetoserviceandlong-termbenefits.
31)Maiisanewinternationalsalesrepresentativeforanindustrialsupplycompanythatisfocusingheavilyontechnologyasasellingfeature.Shewilllearnthatthisstrategy
A)willbeakeysellingfeatureinallmarkets.
B)willhavethemostimpactindevelopingcountries.
C)maynotbeappropriateforallcountries.
D)willnotmakeabigdifferenceintheglobalmarket.
E)canbeeasilyovercomebycompetitors.
32)Industrialmarketsdifferfromconsumermarketsinthat
A)thedemandforindustrialgoodsismorevolatilethanthedemandforconsumergoods.
B)themarketforindustrialgoodsisinsignificantincomparisontothemarketforconsumergoods.
C)industrialgoodsaremarketeddomesticallywhereasconsumergoodsaremarketedinternationally.
D)industrialproductsarealwaysmoreexpensivethanconsumerproducts.
E)industrialproductsusethesameleveloftechnologyforallproductsmakingitappropriateforallcountrieswhereasconsumergoodsneedtobecustomizedforeachmarket.
33)Whatstatementistrueinindustrialmarkets?
A)Demandisnonvolatilebynature.
B)Marketsareunaffectedbyderiveddemand.
C)Industrialsellerstendtohavesmallnumbersofcustomersuponwhichtheyaremoredependent.
D)Salesofindustrialgoodsarestableanddonotfluctuate.
E)Professionalbuyerstendtoundertakedissimilarinvestmentactionstoachievethesamegoal.
34)WhatisareasonformarketingindustrialgoodsabroadthatdoesNOTnecessarilyapplytoconsumergoods?
A)bypassingimporttariffs
B)avoidingsalestax
C)reducingthevolatilityofdemand
D)acquiringISOcertification
E)acquiringACSIcertification
35)Whatfactorincreasesthevolatilityindemandinindustrialmarkets?
A)Professionalbuyersintheindustrialmarkettendtoactinconcert.
B)Thedemandforindustrialgoodsisindependentofchangesineconomicdevelopment.
C)Small,noncyclicalswingsindemandareinherentinindustrialmarkets.
D)Experiencedpurchaserstendtomakebuyingdecisionsindependently.
E)Thedemandforindustrialgoodsishighlyinelastic.
36)Formanagerssellingcapitalequipmentandbig-ticketindustrialservices,understandingtheconceptof________isabsolutelyfundamentaltotheirsuccess.
A)availabilityheuristic
B)bankeffect
C)Baskervilleeffect
D)deriveddemand
E)catapultdemand
37)Deriveddemandcanbedefinedasdemandthatis
A)independentofprice.
B)independentofconsumerwantsandneeds.
C)dependentonanothersource.
D)highlyvolatile.
E)highlyresponsivetofactorsotherthanprice.
38)Whatcanbeusedasameasuretomanagevolatilityinindustrialdemand?
A)maintaininganarrowproductline
B)reducingpricesduringbooms
C)reducingadvertisingexpendituresduringbooms
D)focusingonmarketshareasastrategicgoal
E)avoidinginvestmentinforeignhigh-yieldfinancialinstruments
39)WhydoGermanandJapanesefirmsgenerallydobetterthanU.S.firmswhenitcomestomanagingvolatility?
A)Theiremphasisisonbeatingcompetitors.
B)Theyvalueemployeesandstabilitymorehighly.
C)Theymaintainlimitedproductlines.
D)Theyreducepricesfasterandraiseadvertisingexpendituresduringbooms.
E)Theyconsidermarketsharetobeastrategicgoal.
40)Whatisperhapsthemostsignificantenvironmentalfactoraffectingtheinternationalmarketforindustrialgoodsandservices?
A)theforeignexchangemarket
B)politicalconditions
C)thedegreeofindustrialization
D)thelevelofdomesticcompetition
E)globalwarming
41)WhatisthefirststageofRostow'sfive-stagemodelofeconomicdevelopment?
A)thetraditionalsociety
B)drivetomaturity
C)preconditionsfortakeoff
D)takeoff
E)theageofmassconsumption
42)InStage1ofRostow'sfive-stagemodelofeconomicdevelopment,
A)theeconomyisprimarilydrivenbytheproductionofservices.
B)themostimportantindustrialdemandrelatestonaturalresourcesextraction.
C)infrastructuredevelopmentisaprimaryrequirementintheeconomy.
D)manufacturingofbothsemidurableandnondurableconsumergoodshasbegun.
E)thefocusisonlow-costmanufacturingofavarietyofconsumerandsomeindustrialgoods.
43)WhatischaracteristicofStage2ofRostow'sfive-stagemodelofeconomicgrowth?
A)Industrialdemandismainlyassociatedwithnaturalresourcesextraction.
B)Thegoodsdemandedrelatetoequipmentandsuppliestosupportmanufacturing.
C)Thefocusismoreonlow-costmanufacturingofavarietyofconsumerandsomeindustrialgoods.
D)Thefocusisondesignactivitiesandthedevelopmentofmanufacturingtechniques.
E)Infrastructuredevelopmentisaprimaryneed.
44)WhichcountryisdesignatedasbeinginStage2ofRostow'sfive-stagemodelofeconomicgrowth?
A)Russia
B)Germany
C)SouthKorea
D)CzechRepublic
E)Vietnam
45)Acountryhasreachedalevelofeconomicdevelopmentwherethemanufacturingofbothsemidurableandnondurableconsumergoodshasjustbegun.Also,thegoodsdemandedrelatetoequipmentandsuppliestosupportmanufacturing.InwhichstageofRostow'sfive-stagemodelofeconomicgrowthdoesthecountryfit?
A)thetraditionalsociety
B)drivetomaturity
C)preconditionsfortakeoff
D)takeoff
E)theageofmassconsumption
46)RussiaandEasternEuropeancountriesfitinwhichstageofRostow'sfive-stagemodelofeconomicgrowth?
A)thetraditionalsociety
B)drivetomaturity
C)preconditionsfortakeoff
D)theageofmassconsumption
E)takeoff
47)Theindustrializedeconomiesinthe________stageofRostow'sfive-stagemodelofeconomicdevelopmentfocusmoreonlow-costmanufacturingofavarietyofconsumerandsomeindustrialgoods.Theybuyfromallcategoriesofindustrialproductsandservices.
A)traditionalsociety
B)drivetomaturity
C)preconditionstotakeoff
D)ageofmassconsumption
E)takeoff
48)InwhichstageofRostow'sfive-stagemodelofeconomicgrowthdoindustrializedeconomiessuchasKoreaandtheCzechRepublicfit?
A)preconditionstotakeoff
B)takeoff
C)traditionalsociety
D)drivetomaturity
E)theageofmassconsumption
49)InwhichstageofRostow'sfive-stagemodelofeconomicgrowthdohighly-industrializedcountrieslikeJapanandGermanyfit?
A)traditionalsociety
B)preconditionstotakeoff
C)takeoff
D)drivetomaturity
E)theageofmassconsumption
50)CountryXismostlikelytobeintheageofmassconsumptionaccordingtoRostow'sfive-stagemodelofeconomicdevelopmentif
A)itseconomyisprimarilydrivenbynaturalresourceextraction.
B)theeconomyismovingawayfromagricultureandtowardmanufacturing.
C)theeconomyisdrivenbylow-costmanufacturing.
D)itisprimarilyaserviceeconomy.
E)itseconomyisprimarilyagrarian.
51)IfacountryisinStage5(theageofmassconsumption)ofRostow'sfive-stagemodelofeconomicdevelopment,itpurchasesmostofitshighest-technologyproductsandservicesfrom________suppliers.
A)Stage4
B)Stage3
C)Stage5
D)Stage1
E)Stage2
52)Whatispossiblythebestindicatorofacountry'sabilitytousetechnologytoleapseveralstagesofeconomicdevelopmentinaveryshorttime?
A)thequalityoftheeducationalsystem
B)thesizeofthepopulation
C)thegeneraleconomicenvironment
D)thesizeandgrowthrateofthemarket
E)thelevelofgovernmentregulations
53)Whichtrendspursdemandfortechnologicallyadvancedproductsintheworld?
A)anincreaseinthesizeoftheglobalunskilledlaborforce
B)largefiscaldeficitsindevelopednations
C)expandingeconomicandindustrialgrowthinAsia
D)theincreaseintheaverageageinEurope
E)theopeningoftheTrans-Arcticroute
54)WhichtrendwillexpanddemandforindustrialgoodsandbusinessservicesinLatinAmerica?
A)theincreaseofimporttariffby70percent
B)theadoptionofMarxist–socialistpolicies
C)theprivatizationofstate-ownedenterprises
D)theincreaseduseoflaborinplaceofcapitalinproduction
E)thedeclineofeconomicgrowthinAsia
55)Whatdoestheperceptionofqualitydependon?
A)governmentspecifications
B)thecustomer
C)universalqualitystandards
D)themanufacturer'sspecifications
E)standardization
56)Animportantdimensionofqualityishowwelltheproduct
A)meetsthespecificneedsofthebuyer.
B)exceedscompetitors'products.
C)conformstomanufacturer'sspecifications.
D)altersthemarketinglandscape.
E)savestimeandlabor.
57)Theprocessoftotalqualitymanagement(TQM)startswith
A)providingallcustomerswithtechnologicallyadvancedproducts.
B)signingtradeagreementswithdevelopedcountries.
C)involvingcustomersintheproductdevelopmentprocess.
D)reducingthetimetakenfortheproducttoreachthemarket.
E)marketingtheproductsattradeshowsandfairs.
58)Whichstatementistrueofuniversalstandardsinthesaleofinternationalproducts?
A)Theideaofuniversalstandardsisbeingresistedindevelopingcountries.
B)Firmsthatadheretouniversalstandardsfindthecoststobegreaterthanthebenefits.
C)Theinternationalmarketforindustrialgoodsusestheimperialsystemasauniversalstandard.
D)Allgovernmentsmandateuniversalstandards.
E)Thelackofuniversalstandardslimitstheexpansionofindustries.
59)TheGlobalHarmonizationTaskForceisaninternationaleffortthatisattemptingto
A)coordinatestandardsforseveralinternationalindustrialsectors.
B)promotefreetradeamongdevelopinganddevelopednations.
C)equalizewagesamongcountries.
D)increasedoubletestingofgoodsandservices.
E)equalizetheperceptionofqualityacrosscountries.
60)BuyersincountryXprefertousetheolder,cheaperversionofFirmA'sproductalthoughitisbulkierandlessuser-friendly.BuyersincountryY,however,prefertousethenewer,lightweightversionforitsnewuserinterface.Whichstatementisthemostaccurateconclusionfromthegiveninformation?
A)FirmAneedstorevampitsafter-salesservices.
B)ThesalesofindustrialgoodsarehigherincountryXthanincountryY.
C)Theperceptionofqualitycandifferacrosscountries.
D)CountryXisahighlyindustrializednation.
E)CountryYhasaloweraverageincomelevelcomparedtocountryX.
61)TheU.S.Congressandbusinesseshavebeenresistingconversiontothemetricsystembecausetheyfear
A)marketcompetitionfrominternationalfirmsalreadyusingthemetricsystem.
B)consumerbacklashandthesubstitutionofinternationalproducts.
C)itwillpromotestandardization.
D)workerswillnotunderstandthesystem.
E)itwillbetoocostlytoimplement.
62)AU.S.manufacturingfirmlostabigcontractinQatarbecauseitprovidedpipesthatwerethreeyardslongandthespecificationscalledforthreemeters.Inthiscase,theU.S.firmfailedtorecognizetheimportanceof
A)ISO9000standards.
B)U.S.manufacturingguidelines.
C)theEUProductLiabilityDirective.
D)theAmericanCustomerSatisfactionIndex.
E)usingthemetricsystem.
63)Thelackofuniversalstandardsintheindustrialgoodsmarket
A)increasesthepriceofrawmaterials.
B)giveseachfirmacompetitiveedge.
C)increasesthelevelofconsumersatisfaction.
D)reducesthepriceofthefinalgoods.
E)increasesthecostofdoingbusiness.
64)Whichofthefollowingcountriesisnotofficiallyonthemetricsystem?
A)Liberia
B)Japan
C)SaudiArabia
D)Mexico
E)China
65)TheAmericanCustomerSatisfactionIndex(ACSI)focuseson
A)differentiatingaproductbasedonitsquality.
B)ratingacompany'squalitybasedonitsleadership,strategicplanning,andcustomerandmarketfocus.
C)theauditofacompany'sbusinessprocessesinordertoensurequality.
D)qualityasperceivedbyproductandserviceusers.
E)thecreationofaqualitycontrolsystemthatcanmeetpublishedqualitystandards.
66)WhatistrueoftheISO9000standards?
A)TheISO9000standardsapplytospecificproducts.
B)TheISO9000sguaranteethatamanufacturerproducesa"quality"productorservice.
C)TheISO9000seriesdescribeseightqualitysystemmodels.
D)TheISO9000standardsareacertificationofthequalitycontrolsystemthatacompanyhasinplace.
E)TheISO9000swereoriginallydesignedbytheInternationalOrganizationforQualityintheUnitedStates.
67)ISO9000concernsthe
A)cost-effectivenessoftheproductionofagood.
B)registrationandcertificationofamanufacturer'squalitysystem.
C)profitabilityofaproductionline.
D)abilityofacompany'scomputersystemtoadapttoSAP,abusinessmanagementsoftware.
E)marketingandpromotionalstrategiesofafirm.
68)ManysuppliersareadoptingISO9000standardsbecause
A)theycanacquirethecertificationatnoextracost.
B)governmentsmandateISOcertificationforallproductcategories.
C)theywanttobeperceivedasbeingenvironmentallyfriendly.
D)theWTOexpectsinternationalsupplierstoconformtoISOstandards.
E)theirbuyersrequirethemtobeISO9000registered.
69)WhatisdrivingastronglevelofinterestintheISO9000certification?
A)governmentregulations
B)marketplacerequirements
C)environmentalregulations
D)tradetariffrequirements
E)protectionismrestrictions
70)WhatstatementaboutISO9000certificationistrue?
A)Itdoesnotrequirearegistrationassessment.
B)Itisgenerallyvoluntaryexceptforcertainregulatedproducts.
C)Itrequiresanannualcompleteassessmentforrecertification.
D)Itmeasurescustomers'satisfactionandperceptionsofqualityofarepresentativesample.
E)Itguaranteesthatamanufacturerproducesa"quality"productorservice.
71)________certificationisconsideredtobeanimportantcompetitivemarketingtoolinEurope.
A)ISO9000
B)ICE
C)ACSI
D)AERA
E)NCME
72)The________measurescustomers'satisfactionandperceptionsofqualityofarepresentativesampleofAmerica'sgoodsandservices.
A)ISO9000
B)ICE
C)NetPromoterScore(NPS)
D)AmericanCustomerSatisfactionIndex(ACSI)
E)AmericanPriceIndex(API)
73)Inthecaseofcellularphones,thephysicalproductispracticallygivenawaytogainthephoneservicescontract.Thiscouldbebecause
A)cellularphonecompaniesdonotviewmarketshareasastrategicgoal.
B)thecostofproductionofcellularphonesisverylow.
C)therevenuesfromassociatedservicesexceedtherevenuesfromthecellularphones.
D)themarginsonafter-salesservicesforcellularphonesislow.
E)consumerssometimesbuyavarietyofservicesthatarenotassociatedwithproducts.
74)TheISO9000certificationallowsacompanyto
A)hedgeitsriskfromcurrencyfluctuations.
B)bypassallinternationaltradebarriers.
C)diversifyintootherproductlines.
D)differentiateitfromitscompetitors.
E)provideafter-salesservices.
75)________israpidlybecomingamajorafter-salesservicewhensellingtechnicalproductsincountriesthatdemandthelatesttechnology.
A)Promotionalpricing
B)Productinnovation
C)Capacityutilizationefficiency
D)Customertraining
E)Warranty
76)Firmsthatsellindustrialgoodsininternationalmarketsshouldfocusonafter-salesservicesbecausetheseservices
A)arealmostalwaysmoreprofitablethantheactualsaleofthegoodsthemselves.
B)requirehighlevelsofinvestmentintraininganddevelopment.
C)ensurethatthefirm'sgoodsarenotliabletolawsuits.
D)costthefirmalmostnothing.
E)cannotbeoutsourcedtoothercompaniesandmustbeprovidedbythefirmitself.
77)Formostconsumerservicesfirms,themodeofentryintoaforeignmarketislicensing,franchising,strategicalliances,ordirect.Thisisusuallydonebecause
A)servicesarehighlydifferentiated.
B)servicesproducedcannotbeaddedtoinventory.
C)thecreationandconsumptionofservicescannotbeseparated.
D)theinputsusedvarytoagreatextent.
E)servicesusuallydonothaveanyintrinsicvaluethatcanbeconvertedintoatangibleform.
78)Somebusinessserviceshaveintrinsicvaluethatcanbeembodiedinsometangibleform;theycanbeproducedinonecountryandexportedtoanother.Anexampleis
A)languageschools.
B)in-flightservicesonanairplane.
C)operatinganautomatictellermachine.
D)dataprocessingservices.
E)physicians'services.
79)Whatistrueofbusinessservices?
A)Mostbusinessservicescompaniesenterinternationalmarketstoservicetheirlocalclientsabroad.
B)Servicesareintangibleandsocannotbeproducedinonecountryandexportedtoanother.
C)Theremovaloftradebarriersposesaseriousthreattothecontinuedexpansionofinternationalservicestrade.
D)Firmsshouldavoidprovidingafter-salesservicesasthecostsdonotjustifythebenefits.
E)Theperceptionofqualityofabusinessservicedependssolelyontheaveragepercapitaincomeofthebuyer'scountry.
80)AlcareAdvertisinghasjustsignedacontractwithMiramarcosmeticscompanytocreateadsforMiramar'sproducts.MiramarwantsAlcaretocomeupwithcreativeideasforitsrecentexpansionintoSouthAsianmarketsofIndiaandIndonesia.InordertoaccommodateMiramar,AlcarehasnowopenedofficesintwoIndiancitiesandoneIndonesiancity.Inthiscontext,Alcareisa
A)headhunter.
B)clientfollower.
C)bargainhunter.
D)betpadder.
E)riskavoider.
81)Inknowledge-basedservices,suchasconsulting,engineering,education,andinformationtechnology,________areakeydriverofsuccessandfailure.
A)incometaxes
B)intellectualpropertyissues
C)freetradezones(FTZs)
D)exchangerateregulations
E)tariffsontheimportofgoods
82)Whatisthemostseriousthreattothecontinuedexpansionofinternationalservicestrade?
A)freetrade
B)capitalism
C)globalization
D)foreigntradezones(FTZs)
E)protectionism
83)Restrictionsoncross-borderdataflowsarepotentiallythemostdamagingtoindustriesthat
A)arefragmented.
B)focusondomesticproduction.
C)generaterevenuefromthesaleofphysicalproductsacrossborders.
D)relyoninformationtransfersacrosscountries.
E)areconcentratedinnature.
84)Whathasbecometheprimaryvehicleforbusiness-to-businesspromotionandsellinginmanyforeigncountries?
A)tradeshows
B)in-officevisitsbysalesteams
C)TVadvertising
D)localradioadvertising
E)transitmedia
85)_______providethefacilitiesforamanufacturertoexhibitanddemonstrateproductstopotentialusersandtoviewcompetitors'products.
A)Catalogs
B)Directmailcampaigns
C)Banners
D)Tradeshows
E)Specialtyadvertisingblogs
86)PaulattendstheLondonBookFaireveryyeartorepresenthiscompanyandshowitsproductstopublishersfromothercountries.HealsomeetswithindividualpublisherstodiscussdistributingtheirbooksintheU.S.TheLondonBookFairis
A)anindustryforum.
B)acommerceopportunity.
C)acommercialstorefront.
D)amarketexpander.
E)atradeshow.
87)Whatistrueofcommercialrelationshipsincountrieswithcollectivisticandhigh-contextcultures?
A)Thecommercialrelationshipislimitedtoaone-timeprovisionofthegoodsorservice.
B)Efficiencyandinnovationmattermorethanlong-termrelationshipbuilding.
C)Trustisacrucialaspectofcommercialrelationships.
D)Thefocusoftherelationshipisonpriceandvalue-for-money.
E)Customerloyaltyisfleetingandshort-lived.
88)Jamalhasbeenthesalesrepresentativeforthewesternregionfortenyears,callingonthesamecustomersrepeatedly.Othercompanieshavebroughtinrepsfromtheirhomecountries,butJamalfindshiscustomersprefertodealwithhim.Jamaldemonstratesqualitiesassociatedwith
A)relationshipmarketing.
B)in-countryadvantage.
C)salesorientation.
D)consistency.
E)efficiency.
89)Thekeyfunctionsofglobalaccountmanagersrevolvearoundthenotionsofintelligencegathering,coordinationwiththecustomer'sstaff,and
A)managingthemarketingmix.
B)adaptingpracticestothechangingenvironment.
C)increasingpost-purchasesales
D)attendingtradeshows.
E)gaugingdemandinvariousenvironments.
90)Incountrieswithstrongcultures,particularlythosewithcollectivisticandhigh-contextcultures,________willbethesinglemostimportantsourceofinformationaboutthedevelopmentofnewindustrialproductsandservices.
A)knowledgeofthelocallanguageandcustoms
B)understandingcompetitivetrends
C)theuseoftechnology
D)constantandclosecommunicationwithcustomers
E)directandassertivefollow-up
91)Threefactorsaffectthedemandininternationalindustrialmarketsdifferentlythaninconsumermarkets.Whatarethesefactors?
92)Explaintheconceptofderiveddemand.Provideanillustration.
93)DescribethefivestagesofRostow'smodelofeconomicdevelopment.
94)Whatarethethreetrendsthatspurdemandfortechnologicallyadvancedproducts?
95)Discusshowacustomerdeterminesthequalityofaproduct.Giveaspecificexampletoillustrateyouranswer.
96)WhatistheISO9000certification?Whywouldacompanyneedthis?
97)Companiestodaymustbereadytoprovideafter-saleservicesintheinternationalmarketplaceiftheyaretodominatetheglobalarena.Explainwhythisistrue.
98)Whatisthemodeofentrychosenbymostconsumerservicesfirmstoenteraforeignmarket?Whatisthereasonforthis?
99)Whathasbecometheprimaryvehiclefordoingbusinessinmanyforeigncountries?Explainandjustifyyouranswer.
Whatisrelationshipmarketing,andhowdoesitbenefitaninternationalmarketer?
InternationalMarketing,18e(Cateora)
Chapter14ProductsandServicesforBusinesses
1)Forfirmsproducingproductsandservicesforindustrialmarkets,thechiefreasonforventuringabroadistheprospectofhighprofitswithnorisk.
Answer:FALSE
Explanation:Demandinindustrialmarketsisbynaturemorevolatile.Firmsproducingproductsandservicesforindustrialmarketshaveacrucialreasonforventuringabroad:dampeningthenaturalvolatilityofindustrialmarkets.
Difficulty:1Easy
Topic:ManagingPoliticalRiskandDifferences
LearningObjective:14-01Theimportanceofderiveddemandinindustrialmarkets
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
2)Thesinglemostimportantdifferencebetweenconsumerandindustrialmarketingisthecyclicalswingsindemandinherentinthelatter.
Answer:TRUE
Explanation:Thesinglemostimportantdifferencebetweenconsumerandindustrialmarketingisthehuge,cyclicalswingsindemandinherentinthelatter.
Difficulty:1Easy
Topic:ChallengesandOpportunitiesCreatedbyGlobalization
LearningObjective:14-01Theimportanceofderiveddemandinindustrialmarkets
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
3)Managersn
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