International Market Entry Strategies Quiz

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Questions and Answers

What is the main focus of the in-class group activity described in the text?

  • Developing a new product
  • Analyzing market trends
  • Creating an international marketing strategy (correct)
  • Exploring brand positioning

What is one aspect that students are instructed to include in their marketing strategy?

  • Employment plan
  • Legal compliance
  • Sustainability initiatives
  • Pricing strategy (correct)

What does Nestle have 200 types of, according to the text?

  • Chocolate bars
  • Instant coffee (correct)
  • Instant noodles
  • Canned soups

What email address is provided for sending the PPT slides?

<p><a href="mailto:[email protected]">[email protected]</a> (D)</p> Signup and view all the answers

What subject line should be used when sending the PPT slides?

<p>&quot;IM your group # and International Marketing Strategy&quot; (B)</p> Signup and view all the answers

What platform is specified for students to use for presenting their group strategies?

<p>PowerPoint Slides (D)</p> Signup and view all the answers

Which factors can lead a company to decide not to expand internationally?

<p>Slow population growth, mature product in home market, inadequate marketing infrastructure, cultural determinants (A)</p> Signup and view all the answers

What are the 5 strategic decisions in international expansion?

<p>Expand or not, international market evaluation, mode of entry, overall strategy, marketing mix (C)</p> Signup and view all the answers

What is a key determinant of consumer behavior according to the text?

<p>Lifestyle segmentation (B)</p> Signup and view all the answers

Why might a company avoid entering international markets?

<p>Unfamiliar political situations between countries (B)</p> Signup and view all the answers

What poses special problems in emerging markets according to the text?

<p>Cultural determinants and inadequate marketing infrastructure (C)</p> Signup and view all the answers

What might hinder a company's decision to internationalize?

<p>Political situations between countries and risk aversion (B)</p> Signup and view all the answers

What is the 'Waterfall Strategy' in international market entry?

<p>Pouring all resources into one or a few selected markets (A)</p> Signup and view all the answers

Which factor is NOT considered during 'Opportunity Assessment' for international market selection?

<p>Language preferences (A)</p> Signup and view all the answers

What is the main focus of the 'Marketing Mix' concept in international markets?

<p>Evaluating cultural differences in consumption habits (C)</p> Signup and view all the answers

Which strategy involves 'Spreading resources to gain footholds across multiple markets'?

<p>Sprinkler Strategy (D)</p> Signup and view all the answers

In 'International Market Entry Strategies,' what plays a key role in determining the mode of entry?

<p>Company's market knowledge (D)</p> Signup and view all the answers

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