Exam 1: The Scope and Challenge of International Marketing

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Which of the following is the most critical difference between domestic marketing and international marketing?

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The process of evaluating the uncontrollable elements in an international marketing program involves substantial doses of cultural, political, and economic shock.

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What are the primary obstacles to success in international marketing?

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The primary obstacles to success in international marketing are a person's self-reference criterion (SRC) and an associated ethnocentrism. The SRC is an unconscious reference to one's own cultural values, experiences, and knowledge as a basis for decisions. Closely connected is ethnocentrism, that is, the notion that people in one's own company, culture, or country know best how to do things. Ethnocentrism is generally a problem when managers from affluent countries work with managers and markets in less affluent countries. Both the SRC and ethnocentrism impede the ability to assess a foreign market in its True light.

Sam just ate cookies and, therefore, feels justified in refusing food offered by his Middle Eastern host. In this instance, Sam's self-reference criterion has just saved him from making a cultural blunder.

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In the context of stages of international marketing involvement, if a marketer is motivated to initiate an international marketing effort mainly because of temporary surpluses in the domestic market, then the marketer is most likely to be in the _____.

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_____ impedes the ability of a person to assess a foreign market in its true light.

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The uncontrollable factors a company has to deal with decreases with the number of foreign markets in which it operates.

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For companies today, becoming international is a luxury only some can afford.

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Understanding one's own culture normally requires no additional study.

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The most effective way to control the influence of ethnocentrism and the SRC is to:

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Which of the following is an essential requirement for already experienced as well as new firms to succeed in international markets?

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Amy Sims has been assigned the task of preparing a marketing plan for her company for the upcoming year's business activities. She knows that she should begin her plan by examining the variables that she has some control over. These controllable variables would include price, product, channels-of-distribution, and _____.

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M&G Inc., a company producing musical instruments, had dominated its home market for several years before venturing into international markets. The company was focusing more on international operations until Beige N, German company in the same business, entered its home market. Beige N started selling good quality products at prices much lower than M&G's and affected its sales adversely. Which of the following elements in the marketing environment has affected the business of M&G Inc. with the market entry of Beige N?

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The political details and the ramifications of political and legal events are often more transparent in a domestic situation than they are in a foreign market.

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The foreign policies of a country have a direct effect on a firm's international marketing success.

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Level of technology remains unchanged across countries making it a fairly controllable factor in international marketing.

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Which of the following is closely related to the self-reference criterion?

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Which of the following is an uncontrollable element for an international marketer?

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The political and legal environment is a controllable element for international marketers because of their potent ability to lobby and influence legislation in foreign markets.

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International marketing involves selling of a company's goods and services to consumers or users in more than one nation for a profit.

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