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What is the primary focus when developing a theoretical framework?
What is the primary focus when developing a theoretical framework?
What role does hypothesis testing play in research?
What role does hypothesis testing play in research?
Which of the following statements about quantitative research is false?
Which of the following statements about quantitative research is false?
What is a common misconception about qualitative research?
What is a common misconception about qualitative research?
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How does sampling impact the reliability of research findings?
How does sampling impact the reliability of research findings?
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Study Notes
- Case study involving a company called Eurasia S.A.
- Company imports, assembles, and sells computer components and complete computers, both domestically and internationally.
- Company also operates a retail outlet in Madrid.
- Company owns three trucks used for both internal and external transportation.
- International clients located in France and Argentina.
- Suppliers located in Taiwan and the USA.
- Company considering expansion strategies due to global economic crisis.
- Option a: Create a new company focused on import/export of new products, managed by Pedro
- Option b: Expand client base in countries like the UK and Morocco.
- Three Spanish nationals and one Iranian national employed as interns in the area of International Trade.
- All interns will undertake different roles within the company to assess their suitability for various positions.
- The interns will initially work on various tasks within the existing international trade section before any potential new ventures.
- Company's current market analysis revealing need to expand to UK and Morocco.
- Market needs for computer components and computers increasing in these countries.
- Markets characterized by buyers and sellers, and marketing considerations.
- Market identification criteria, including need and demand, desirability of purchase, and financial and legal ability to purchase.
- A clear definition of market is important for the success of marketing.
- Importance of differentiating between current and potential markets.
- Need for understanding both current customers and potential customers (those who might become customers in the future).
- The distinctions between various market segments and types.
- Discussion of the different types of markets (perfect competition, monopolistic competition, oligopoly, monopoly, based on number of sellers).
- Discussion of market categorization based on customer type (individuals or businesses).
- Categorization based on product type (agricultural, raw materials, manufactured goods, services, etc.).
- Different factors that limit markets (physical, socioeconomic, product use).
- Importance of various factors such as location, social/economic factors, and product usage.
- Discussion of the factors that influence a company's success or failure in global markets.
- Discussion of internal and external factors affecting the company.
- Importance of factors such as competition and suppliers.
- Explanation of micro and macro environment considerations.
- Description of macro factors and their impact on business strategies.
- Importance of regulatory bodies and how companies navigate these regulations.
- Explanation of how factors such as economic conditions and technological changes affect company operations.
- Importance of considering consumer behavior and needs when planning business strategies.
- Factors that affect how and when a customer makes a purchase.
- Discussion of the stages that a customer goes through in the purchasing process.
- Different models used to study consumer behavior, and their benefits and drawbacks.
- Further discussion on segmentation strategies, including various types, and application in marketing plans.
- Understanding the advantages and disadvantages of different segmentation strategies (undifferentiated, differentiated, concentrated).
- Importance of knowing the advantages and disadvantages of each type of strategy.
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Description
Explore the case study of Eurasia S.A., a company engaged in importing, assembling, and selling computer components. Analyze the potential expansion strategies considering the global economic crisis, including the introduction of a new company and expanding the client base. This quiz covers the roles of interns in the context of international trade and business strategy.