Global vs Regular Marketing Quiz
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Questions and Answers

What is the definition of marketing?

  • The process of creating, communicating, delivering, and exchanging offerings that have value for customers (correct)
  • The process of advertising products to customers
  • The process of selling products to customers
  • The process of distributing products to customers
  • What is the difference between international marketing and local marketing?

  • International marketing is based on an extension of a company's local marketing strategy (correct)
  • International marketing does not require understanding customer needs and wants
  • International marketing is focused on mass marketing
  • There is no difference
  • What are some reasons for global marketing according to the text?

  • Access to new resources only
  • Against competitors with higher costs
  • To reduce cultural differences between countries
  • Access to new markets and resources (correct)
  • Which of the following is a benefit of globalization according to the text?

    <p>Companies' flexibility to operate abroad</p> Signup and view all the answers

    What is the focus of individual-micro-tailored marketing according to the text?

    <p>Understanding needs and wants of individual customers</p> Signup and view all the answers

    What are the uncontrollable foreign environmental forces in the international marketing task according to the text?

    <p>Political/legal forces and economic forces</p> Signup and view all the answers

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    InstructiveFresno4444
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