Exam 7: Understanding and Reaching Global Consumers and Markets

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Volvo of North America delivered automobiles to the Siberian police force when Siberia had no cash to pay for them.It accepted payment in oil,which it then sold for cash to pay for media advertising in the United States.This is an example of

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Foreign Corrupt Practices Act

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is it a wise idea for global marketers use back translation? Provide an example to support your answer.

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in Japan altered the sweetness of its coleslaw to appeal to Japanese tastes.This is an example of which type of global product strategy?

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__________ firm views the world as one market and emphasizes cultural similarities across countries or universal consumer needs and wants more than differences.

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European Union (EU)in mid-2012 consisted of 27 countries with more than 500 million consumers.The EU has eliminated most barriers to the free flow of goods,services,capital,and labor across its borders.Which of the following countries is NOT a member of the EU as of mid-2012?

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Which of the following examples best demonstrates a company's appreciation for another country's values?

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global market-entry strategy that entails a domestic firm actually investing in and owning a foreign subsidiary or division is referred to as

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Bottom of the pyramid refers to

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Explain the difference between indirect exporting and direct exporting.What are the advantages and disadvantages of each approach?

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China,Japan,and South Korea combine for about _________ percent of the total U.S.balance of trade deficit.

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  Figure 7-7 -Figure 7-7 above outlines the distribution channels through which a product manufactured in one country must travel to reach its destination in another country.Channels within a foreign nation can be very long or surprisingly short.Which letter in the figure represents these channels? Figure 7-7 -Figure 7-7 above outlines the distribution channels through which a product manufactured in one country must travel to reach its destination in another country.Channels within a foreign nation can be very long or surprisingly short.Which letter in the figure represents these channels?

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  Figure 7-1 -According to Figure 7-1 above,which of the following countries is the world's leading exporter? Figure 7-1 -According to Figure 7-1 above,which of the following countries is the world's leading exporter?

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American-made products.Keep America working."-Jim Brown,Cleveland,Ohio,USA,is a slogan that reflects

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though there are hundreds of different languages and dialects,the three major languages used in global diplomacy and commerce are

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EU has benefited its member nations because

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a company has decided to enter the global marketplace,it must select a means of market entry.Four general options exist: (1)exporting; (2)licensing; (3)__________; and (4)direct investment.

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  Kit Kat Bar Photo -Consider the Kit Kat Bar photo above.Nestlé markets its Kit Kat bar globally,including Japan.In Japan,Kit Kat means I will win. Experienced global marketers are concerned with _________,which involves using interpreters to ensure that words used in brand names or advertisements in a foreign market do not cause problems with or errors in meaning. Kit Kat Bar Photo -Consider the Kit Kat Bar photo above.Nestlé markets its Kit Kat bar globally,including Japan.In Japan,"Kit Kat" means "I will win." Experienced global marketers are concerned with _________,which involves using interpreters to ensure that words used in brand names or advertisements in a foreign market do not cause problems with or errors in meaning.

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Values refer to

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Microfinance refers to

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