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Chapter 5 Clicker Qs
| Question | Answer |
|---|---|
| Why do some American people fear globalization and free trade? | Loss of jobs due to imports |
| The main way that globalization drives down prices and increases product and service quality is through | More Competition |
| The top multinational firm in the world (sales) is .... | Wal-Mart (USA) |
| Which country below has the highest gross national income per capita? | Luxembourg |
| Sugar imported in the USA has a _________ of 20% per $1000. | Tariff |
| A significant trend that affects global marketing is ....? | More and cheaper bandwidth |
| What have been the impacts of liberalization and privatization on American companies? | More foreign competitors at home |
| Business firms in ________ are the fastest growing in volume of global advertising. | China |
| Which statement below best summarizes "think global, act local"? | Plan strategy at global level, let locals adjust tactics |
| The major advantage of using exporting as a strategy for entering a new foreign market is ..... | Low cost/low risk |
| A disadvantage of using licensing or franchising in foreign market entry is... | profits are limited to contract terms |
| Why is foreign manufacturing the most risky way to enter a foreign market? | Highest cost entry method |
| What makes it difficult to measure the success of foreign marketing efforts? | Different rates of economic growth in 2 countries, different rates of inflation, floating currencies, different business regulatory environments. |
| What should you recommend if foreign consumers seek the same product benefits ("cleans my hair") but the way they use the product is very different? | Adapted product, standard message |
| Radios that run on batteries and "hand crank" power are sold here for storm use but in Africa are for all occasions. This illustrates.. | Same product, different message |
| An example of Disney's failure to adapt "Disneyland" to local customs at its European operations was...... | No wine offered with meals |
| American consumers like text on their greeting cards and French consumers want to write down their own messages. What do you recommend to Hallmark for French consumers? | Standard Advertising, adapted product |
| What's the most likely reason below for 100 aspirin costing $20 in Japan? | High cost of distribution there |
| What is the best example below of countertrade? | Paying for imported cotton with oil credits |
| What would you expect in a high power distance culture? | Lots of faith in authorities and experts |
| The USA is a "masculine" culture. This explains what trend below? | The importance of winning |
| "Break all the rules!" suggests what value below? | Risk-taking |
| What best illustrates a "cultural paradox" below? | "Do what I say but not what I do." |