consumers in developing countries have very specific preferences. Marketers frequently design customer relationship management programs to. In _____ buying centers, all members of the team must reach a collective agreement that they can support a particular purchase. Chinas standard of living has dropped over the past 30 years. Marketers frequently design customer relationship management programs to, 67. When assessing a client with partial-thickness burns over 60% of the body, which finding should the nurse report immediately? C) paperclip _____ involves the buyer considering their own personal knowledge about a product based on past experience. Jaden probably has a misguided sense of his. Russian consumers have little interest in online shopping. simplifying the supply chain needed to make goods and services available. Russia lags behind most European countries in use of the Internet. This is an example of using a. the sum of all goods and services handled in a country. She had not planned to buy it, but decided on the spot to buy one and try it. _____ reflects the link between consumers demand for a companys product and the companys purchase of necessary inputs to manufacture or assemble that particular product. Which country has a large literate population which has helped it move up to become the world's seventh largest economy? The purchase of capital equipment such as the ovenis an example of a _____ situation. 2020-2023 Quizplus LLC. Which of the following is currently a negative factor for foreign investment in Russia? She will be engaged in, Postpurchase cognitive dissonance is especially likely for products that are. The most important consideration, when a firm chooses a global product strategy, should be, When Ben evaluated the commercial infrastructure in Mauritius, he considered the islands. A. A. social B. financial C. performance D. psychological E. physiological, Zappos online shoe and clothing store has a unique way of dealing with abandoned shopping carts. Which of the following best describes a situation where your new car stalls in the middle of a busy intersection? Joanna lives according to her own rules, unconcerned about designer labels, brand names, and luxury items. entails actual rather than potential customers. by a committee after considerable deliberation. India is one of the fastest growing markets and has one of the youngest populations in the world. the infrastructure is more advanced in most developing countries. Indias workforce is highly skilled, particularly in technology. Rachael is likely to be involved in an impulse buying process. internalize impulse attitudes.E. In which buying situation is the buyer most likely to proceed through all six steps in the buying process? Sometimes consumers have second thoughts after buying goods that are expensive, infrequently purchased, or associated with a high level of risk. Which of the following is one of the global entry strategies? Many specialty portals have been created to serve specialized needs. He will gather information about the transportation and communications capabilities in each country. extend problem solving beyond ritual consumption.D. adhering to the UN Convention on Naming Rights. a) A client with amyotrophic lateral sclerosis (ALS) tells the nurse, "Sometimes I feel so frustrated. E) all of these. Phil is likely selling to a firm in what kind of buying situation? Basket Weavers, Inc ships their prized bread basket to two countries (countries A and B) where the exchange rates are in equalibrium. the outcome of the alternative evaluation process. This is an example of which global entry strategy? All of these are disadvantages a firm must consider. provides insights on the information search process. 2003-2023 Chegg Inc. All rights reserved. In group B_1 B1, 80% study more than 25 hours per week, and in group B_2 B2, 40% study more than 25 hours per week. When they occasionally see those clothes, hanging in the back of their closet, these teenagers probably feel, 65. to avoid cultural reference group problems. Based on population growth rates in different regions, he should consider that. Generally, people buy one product or service instead of another because they perceive it to be a better value. consumers functional needs are greater than their psychological needs. This E-mail is already registered with us. Although they do not directly invest in one another, independent firms entering into collaborative partnerships to expand globally are called. The local skydiving team is buying new parachutes. Reginald hopes that this attention to his "regulars" will encourage them to. Marketers know this is an especially critical time as consumers deal with:A.criteria re-evaluationB. Sally is in the new marketing department of a mid-sized lawn and garden company. consumer behavior than ____ segmentation. involves both compensatory and noncompensatory consumers. most consumers in developing countries live in densely populated cities. Which of Hofstedes cultural dimensions relates to a willingness to accept social inequality as natural? D. entails actual rather than potential customers. temporary promotional discounts). Only about 200 million of these people earn more than the equivalent of $1,000 per year. When considering global marketing opportunities in Bangladesh, Tom asked the question, "How will we get it there?" The same product design and features in all countries, with variations in the promotional campaigns country by country. always include his firm in their universal set.C. efforts to stimulate choices among government agencies. The traditional marketing strategy of selling umbrellas when it is raining is an example of how _____ factors influence consumers' decisions. developing brand names that are meaningless in known languages. The three levels in between are. Many of the best-known American retailers, like Starbucks and McDonalds, have expanded globally using, 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. 78. entails actual rather than potential customers.E. stimulate impulse voting.D. Franchising limits profit potential, since profits will have to be split with the franchisee. Every year, before he puts his boat in the water, James has his mechanic put a new battery in the boat. To derive a perceptual map, marketers follow six steps. Jorge is running against a sharp, experienced politician, someone who is known for their debating skills and cunning wit. This attention-getting device is designed to improve the site's, reductions or eliminations of trade barriers by governments, ecreasing concerns of distance and time with regard to moving products across countries, the standardization of laws across borders, assess her satisfaction with the car she purchased. Phil put down the phone and told Alice, "I just love that customer. B. "Black Friday," as the day after Thanksgiving has come to be known in the U.S., is a day marked by many special deals in most retail stores, including deep-discounted products available in limited quantities, called "doorbusters," and designed to get shoppers into the store. Mary will not consider purchasing an "American" car brand based on negative comments made by her parents; therefore, she has developed a negative attitude toward "American" brand cars. Perceived benefits versus perceived costs of search, Thanh has to decide which college to attend. Marketers are particularly interested in postpurchase behavior because it: A. involves both compensatory and noncompensatory consumers. Which of the following social factors explain this type of influence? It includes customers satisfaction with the purchase, their likelihood of making repeat purchases, and their willingness to recommend the product to others. promotional efforts.D. Kerrys purchase represents, Whenever Meredith buys toothpaste, she always automatically reaches for the same brand and puts it in her shopping cart with no thought or effort. promote products more frequently in traditional media. C. $27 are unaware of key determinant attributes. T/F A hotel is made up of several businesses, also known as revenue or cost centers. Brazil is characterized by strong upper and lower classes, but the middle class has declined in recent years. whether targeting consumers or resellers, marketers need to focus on. B Marketers are particularly interested in postpurchase behavior because it. If a site visitor places items into the shopping cart and then leaves the site without making a purchase, several days later Zappos sends a humorous e-mail saying, "Let us show you what your shopping cart did while you were gone," along with a photo of a cute dog intended to represent the shopping cart. Edward alerted Harry, and Harry preordered many Honda hybrids before they became available. Brad is trying to avoid __________ business blunders. __________ refer(s) to the process by which consumers select, organize, and interpret information. Question 8 Marketers are particularly interested in postpurchase behavior because itSelect one: d. involves actual rather than potential customers.9. In order to do so, the United States should institute, The measure of how much one currency is worth in relation to another is referred to as, All of the following are major existing trade agreements EXCEPT. Less-developed countries like Switzerland and Britain are experiencing rapid population growth. All Rights Reserved. $20 Which of these trade agreements represents the highest level of integration among participating nations? reducing financial risk and increasing psychological payout. Many teenagers, both male and female, have clothes they purchased in the past that they "would not be caught dead in" today. positioning almost always fails when attempted in a foreign country. call for different marketing and selling strategies. James is probably concerned with __________ risk. offers insights into information search methods. When shopping for a car you notice a significant price gap between domestic and imported cars, with the imported cars being much more expensive. when consumers decide to make their purchases. Feel free to get in touch with us via email. Which of the following is NOT one of the major trade agreements affecting global marketing? Which of the following details is/are included in the order specification stage of the B2B buying process? attempt to get one "friend" on the committee to support his products. Darrell sells custom cabinets for upscale residential homes. Which of the BRIC countries has the highest illiteracy rate? minimize negative word of mouth and rumors. Anita is conducting a country market assessment, and is focusing on four key elements: distribution channels, transportation systems, communication systems, and commerce. A buying center that makes its decisions by majority vote is a(n) __________ buying center. postpurchase harmony.D. When a business customer engages in a straight rebuy, the member of the buying center most likely to be involved in the purchase is the. If some of the low-cost technology developed for this laptop found its way into laptops created for U.S. consumers, this would be an example of, Global marketers typically find distribution in developing countries is more complex because. In pricing products in parts of Europe, including Italy, Spain, Greece and France, U.S. companies need to be aware that sales (i.e. provide the proper cleaning fluid to use on the cabinets. From Frank, Kim learns which professors have left the university or are newly arrived. Derek bought a pickup truck to transport his equipment to fishing tournaments that he's going to attend. Marketers are particularly interested in postpurchase behavior because it: involves both compensatory and noncompensatory consumers. declining fuel costs allowing cost-effective shipping to global markets. the market value of goods and services produced in a country in a year. In terms of market size and population growth rate, which of the following is a trend that is occurring in the world market that impacts the marketing of goods and services? The same marketing mix for all of the four Ps used in all countries. There are many possible cars to choose from, but she is focused on a few she would actually consider buying. But one danger of running out of the "doorbuster" deals is that a shopper may become angry or discouraged at failing to get the special item, and decide not to do any more shopping. extend problem solving beyond ritual consumption. 77. carefully demonstrate the software to his customer's staff.C. by building brand awareness among potential customers. Marketers are particularly interested in postpurchase behavior because it. Verified questions. This is an example of the impact of __________ on the consumer decision process. A. $22 This will cause marketers to:A.demonstrate value in new ways, especially in justifying prices.B. In a _____ situation, the buying center is likely to proceed through all six steps in the buying process and involve many people in the buying decision. a consumer recognizes an unsatisfied need. The traditional marketing strategy of selling umbrellas when it is raining is an example of how __________ factors influence consumers decisions. consumers attitudes are derived from unchanging decision rules. using uncertainty avoidance to reduce power distance. This is an especially, critical time for marketers, as their customers are dealing with, 64. Reginald greets and chats with his regular customers every morning when they come in for coffee. When she calls on the business faculty at General University, her first stop is to chat with Frank, the business department secretary. Tariffs artificially lower prices and therefore lower demand. Daniel sells specialty software designed to allow small insurance companies to manage customer data and claims. Unlike manufacturers, __________ buy products from other businesses but do not significantly alter the form of the products they buy. is working on the first marketing plan the firm has ever used. To avoid this potential problem, Ralph will evaluate all of marketing actions EXCEPT his:A.advertising.B. This requirement is designed to. China drastically restricts the goods it allows U.S. companies to export to China. Which of the following is a potential negative factor for foreign investment in China? Refer to Figure 4-8. According to purchasing power parity theory, if __________ is/are in equilibrium, products will cost the same in each country. Gerald will likely use a(n) __________ strategy. A purchase decision which typically involves (at most) a moderate amount of effort and time is called, Kerry was in her grocery store and saw a display for a new organic yogurt. This is an example of which of the following types of buying situation? When Walmart considers reordering items for its stores, its buyers are instructed to negotiate price concessions, quality improvements, and/or added options. carefully demonstrate how to maintain the finish on his cabinetsC. They are in the __________ stage of the business-to-business buying process. keeping the brand name the same in all languages, regardless of meanings, as long as the brand logo and symbol are displayed prominently. provide a satisfaction guarantee policy.D. assist them in their internal information search. call for different marketing and selling strategies. there are fewer franchising opportunities in global markets. Marketers call this process, Reginald greets his regular customers by name every morning when they come in for coffee. Firms hope that helping consumers to learn more about a company and its products will affect consumers. Russia is known for corruption, particularly bribe taking in business negotiations. He had been saving money for months, and he noticed his attitudes and perceptions about diamond rings changing as he began paying attention to ads for rings. Paula is concerned with __________. _____ involves a binding contractual agreement between two businesses whereby the marketing operations are tightly controlled and often standardized. Resellers differ from producers in that resellers significantly alter the form of goods they sell. Most firms maintain customer complaint services online, in the store, or over the, telephone. they must go through many different types of distribution channels. Leanne did not realize BigDeal has an autocratic buying center culture and she needed to focus on answering Beverlys questions, since she is the decision maker. Offering 2-for-1 coupons is effectively the same as offering customers coffee at half price? carefully demonstrate how to maintain the finish on his cabinets. The B2B buying process tends to be more formal than B2C buying. The Wall Street Journal provides a set of guidelines each year for purchasing a laptop computer. provide a satisfaction guarantee or return policy.D. The discrepancy between a consumers actual state and desired state is associated with which of the following steps in the consumer decision process? The fact that a family would spend a lot more time researching the market before making a home purchase than it would in the decision to purchase an inexpensive dollhouse for the youngest member of household can best be explained which of the following concepts? When they occasionally see those clothes hanging in the back of their closet, these teenagers probably feel: ScholarOn, 10685-B Hazelhurst Dr. # 25977, Houston, TX 77043,USA. In a joint venture, the burden of ownership, control, and profits is not shared. China has imported fewer goods from the U.S. each year for the past decade. Which of the influences on the consumer buying process does this represent? C. avoids social, situational conflicts. it involves both actual and potential customers. Frank also helps Kim to make appointments to see professors to discuss textbook choices. Which of the following is currently a negative factor for foreign investment in India? Meredith is engaged in. The United States wants to limit the amount of a product that can be imported into the country for a period of time by setting a maximum import quantity. Reginald knows his regular customers create repeat business and:A.assist him in meeting his functional needs.B. more likely to appeal to consumers' __________ needs. promote products more frequently in traditional media. involves actual rather than potential customers. encourage the bidders to offer their best deals. The same product design and features, and the same basic promotional campaign, used in all countries. False. They are Asian countries experiencing explosive population growth. involves both compensatory and noncompensatory consumers. Jorge is running against a sharp, experienced politician, someone who is known for their debating skills and cunning wit. With companies on the Internet like Expedia, consumers are better informed about costs and benefits of purchasing options. creating strong brands and store loyalty. Our Experts can answer your tough homework and study questions. focus exclusively on the head of the buying center. She wants to satisfy both functional and psychological needs. Franchising is the riskiest way to enter a foreign market. To ensure that customers are satisfied after purchasing his software, Daniel could do all the following EXCEPT:A.create realistic expectations for his customers.B. Andr was addressing his __________ risk. suggest that B2B sellers should develop one marketing mix to use for all situations. According to the Elaboration Likelihood Model, which of the following variables determines whether limited or extended problem solving will operate in a particular purchase decision? Setting high customer expectations is a good strategy that will help to avoid customer dissatisfaction in the long run. global consumer markets are almost totally homogeneous, making segmentation difficult. The three levels in between are. During the early stages of globalization, in the 1950s and 1960s, _______________ were uniquely positioned because they had the skills necessary to develop, promote, and market brand name consumer products. purchase uncertaintyE. With respect to buying centers, the pharmaceutical company plays the role of _____ in this situation. A __________ is a type of reseller, a business that buys from other businesses but does not significantly alter the form of the products it buys. Apple computer users tend to like the company and love its products. George would probably be, considered a(n) __________ in the diffusion of innovation, Parents of young children have been known to drive out, of their way so their kids will not see McDonald's Golden, Arches and plead with their parents to stop. D) owly. The Marketers are particularly interested in post-purchase behavior because it entails actual rather than potential customers.. Economicmeasures like GDP and GNI do not fully account for a country's economic healthbecause they only measure: There are approximately 1 billion people living in India. Variations in the product design and the promotional campaign country by country. She was leaning toward charging a, higher price than competitors to help demonstrate that, hers was a high-quality product. Although the new computers will be more advanced in terms of their technology, the purchase itself will involve some of the same considerations as those used for previous purchases. decreasing competition for intellectual capital. using the Internet to find what other consumers feel about a specific product or service. Global expansion often begins when a firm receives an order for its product from another country. After need recognition and product specification, many firms using the B2B buying process. The Raycom engineers will primarily play the __________ role in the companys buying center. B) image Post purchase - -the final step of the consumer decision process is postpurchase behavior.-Marketers are particularly interested in postpurchase behavior because it entails actual rather than potential customers. When Catherine was considering different brands of jeans to buy, she limited the choices to threeshe would actually consider purchasing. There are approximately 1 billion people living in India. The team's coach has invited all team members to make recommendations, after which he will select the successful vendor. expensive, infrequently purchased, and associated with high levels of risk. When reviewing her firms business buying process, Carla noticed a company requirement that they have at least three qualified bids from suppliers for any purchase over $50,000. change the way process by which consumers make decisions. spread positive word of mouth. The global product strategy a firm chooses depends on, Although China represents one of the largest markets for soup in the world, Campbells Soup Company had to invest considerable time and effort in making changes to its existing products because Chinese people are accustomed to preparing their soup fresh. most consumers attitudes depend on prices. According to Maslow's Hierarchy, most of the other 800 million Indian consumers are primarily addressing their __________ needs. His purchases were __________. In the consumer decision process, we decide how much time and effort to expend searching for information based partly on. In terms of business markets, organizations like hospitals that provide goods and services to people in their care are classified as. Recognizing this corporate culture, someone attempting to sell to Markham Publishing should. The larger the numbered circle, the larger the market size. Exchange controls refers to the regulation of a countrys, When firms pool their resources to enter a new market, they create a(n). This site is using cookies under cookie policy . LinkedIn is mainly used for ________ in the B2B marketplace. D. involves actual rather than potential customers. A strategic alliance is a relationship in which two firms collaborate on a business opportunity, but do not invest in each other. Marketers particularly want their brands and products to be in consumers __________ sets. shopping. A(n) _____ forms when a firm entering a new market pools its resources with those of a local firm to form a new company in which ownership, control, and profits are shared. A. Phil is most likely selling to a firm in what kind of buying situation? A) globe Which of Maslows needs is Roberta fulfilling? The Northwoods University IT department is planning to buy additional computers for the computer lab. Jorge decides on a strategy of setting low expectations for his performance in the debate, telling reporters "Don't mis-underestimate me." treat all members of the buying center as equally important. In B2B buying systems decisions are often made. customer dissatisfaction.C. 71. India claims more than 25% of the worlds population. The office policy and procedure states that any purchase requests that are $3,000 and over must be given to Ms. Reynolds, who will obtain authorization from the Chief Financial Officer. Marketers are particularly interested in postpurchase behavior because it:A.involves both compensatory and noncompensatory consumers.B. This requirement is used to keep suppliers "on their toes.". Generally, firms entering foreign markets begin with. Only about 200 million of these people earn more than the equivalent of $1,000 per year. C. avoids situational conflicts. Sharon was considering. Consider two groups of students: {B_1} B1, students who received high scores on tests, and B_2 B2, students who received low scores on tests. John thinks the east side has a lot of crime, poor schools, and would be a poor choice of location to own a home and raise a family. Ricks company faces __________ demand. Marketers are particularly interested in postpurchase behavior because it. The business will probably place a straight rebuy order. Nearly all small businesses have consensus buying centers. Like marketers, political candidates who set expectations too low, could: Darrell sells custom cabinets for upscale residential homes. efore going on his first business trip to China, Brad asked his Chinese American friend to advise him on customs and values common among the Chinese businesspeople he will likely encounter. This is an example of postpurchase cognitive dissonance. B2B marketing involves manufacturers, wholesalers, and service firms. In addition to wasting time by not understanding BigDeals culture, Leanne may have also hurt her chances because she. A. involves both compensatory and noncompensatory consumers. economic. the United States and Western Europe will have dramatic increases in population growth leading to overcrowding. What do the BRIC countries have in common? These make up her __________ set. Jorge decides on a strategy of setting low expectations for his performance in the debate, telling reporters "Don't mis-underestimate me." The president of the Northwoods University student body made a formal request to the IT department for additional computers in the main computer lab. extend problem solving beyond ritual consumption. Some websites provide allow consumers to shop while getting opinions from online friends. central mediator of postpurchase behavior, linking pre-choice product beliefs to postchoice cognitive structure, consumer communications, and repurchase behavior (Bearden and Teel 1983; LaBarbera and Mazursky 1983; Oliver 1980). The growth rate of the world population will remain relatively constant in the future. Although social media is used to build relationships, in the B2B context, the majority of B2B marketers use _____ for their marketing efforts. C. avoids social, situational conflicts. With its estimated outlay of $600 billion dollars for fiscal year 2011, the Pentagon represents which type of B2B organization? consistent with underlying cultural values in a country. The most widely used metric used to gauge the size and market potential of an economy is _____ , which is defined as the market value of the goods and services produced by a country in a year.
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