Podcast
Questions and Answers
Process of identifying and selecting organizations objectives
Process of identifying and selecting organizations objectives
- Planning (correct)
- Organizing
- Strategy
- Mission Statement
Set of planned actions taken by managers
Set of planned actions taken by managers
- Planning
- Strategy (correct)
- Organizing
- Mission Statement
Written Statement of why a company exist and what it plans to accomplish
Written Statement of why a company exist and what it plans to accomplish
- Mission Statement (correct)
- Vision Statement
- Goals
- Objectives
Special Ability of a company that competitors find extremely difficult or impossible to equal.
Special Ability of a company that competitors find extremely difficult or impossible to equal.
Directly related to the creation of product
Directly related to the creation of product
Examples: Logistics, Production, Marketing & Sales, Customer Service
Examples: Logistics, Production, Marketing & Sales, Customer Service
Company Activities that contribute to the value creating potential of each primary activity
Company Activities that contribute to the value creating potential of each primary activity
Examples: Business Infrastructure, Human Resources, Technology Development. Sourcing
Examples: Business Infrastructure, Human Resources, Technology Development. Sourcing
A company must consider all of the environmental forces that affect strategy formulation
A company must consider all of the environmental forces that affect strategy formulation
Adapting Products and their marketing strategies in each national market to suit local preferences
Adapting Products and their marketing strategies in each national market to suit local preferences
designed to increase the scale or scope of a corporation’s operations
designed to increase the scale or scope of a corporation’s operations
designed to reduce the scale or scope of corporation’s businesses
designed to reduce the scale or scope of corporation’s businesses
Offering the same products using the same marketing strategy in all national markets
Offering the same products using the same marketing strategy in all national markets
in which a company exploits economies of scale to have the lowest cost structure of any competitor in its industry
in which a company exploits economies of scale to have the lowest cost structure of any competitor in its industry
Strategy in which a company designs its products to be perceived as unique by buyers throughout its industry
Strategy in which a company designs its products to be perceived as unique by buyers throughout its industry
way in which a company divides its activities among separate units and coordinates activities among them
way in which a company divides its activities among separate units and coordinates activities among them
concentrates decision at high organizational level in one location
concentrates decision at high organizational level in one location
designed to guard against change and used by corporations to avoid either growth or retrenchment
designed to guard against change and used by corporations to avoid either growth or retrenchment
Delegates decision to lower organizational levels
Delegates decision to lower organizational levels
The employees form a single department take on the responsibilities of their former supervisors
The employees form a single department take on the responsibilities of their former supervisors
team composed of employees who work at similar levels in different functional departments
team composed of employees who work at similar levels in different functional departments
Team of top managers from both headquarters and international subsidiaries who meet to develop solutions to company wide problems
Team of top managers from both headquarters and international subsidiaries who meet to develop solutions to company wide problems
demand changes based on income level
demand changes based on income level
Elastic
Elastic
Inelastic.
Inelastic.
focus on size of the market, population of country
focus on size of the market, population of country
Sometimes small country and population development
Sometimes small country and population development
Aggressiveness of Competition
Aggressiveness of Competition
Buying Capability Spending power
Buying Capability Spending power
Transportation System, Communication, Public Roads that will promote commercial entities
Transportation System, Communication, Public Roads that will promote commercial entities
Openness of a country in a foreign businesses
Openness of a country in a foreign businesses
Government acting in
Government acting in
Overall Risk including political risk
Overall Risk including political risk
You can look up on information you want by analyzing original data and applying results, problem: Time Consuming
You can look up on information you want by analyzing original data and applying results, problem: Time Consuming
Information already exist within company, problem: limited source of data
Information already exist within company, problem: limited source of data
gathering of data in buyer and seller to find opportunity
gathering of data in buyer and seller to find opportunity
involve government to find international opportunity
involve government to find international opportunity
self explanatory
self explanatory
it is team of people that discussing thing to get feedback
it is team of people that discussing thing to get feedback
you can collect large amount of data, is short amount of time
you can collect large amount of data, is short amount of time
assessing your position in the market.
assessing your position in the market.
Fake or limitations products
Fake or limitations products
Includes activities designed to reach distribution channels and target customers through communication
Includes activities designed to reach distribution channels and target customers through communication
: to pressure distribution channel members to carry a product and to promote it to final user
: to pressure distribution channel members to carry a product and to promote it to final user
to create buyer demand that will encourage distribution channel members to stock a company’s product
to create buyer demand that will encourage distribution channel members to stock a company’s product
Focus on singular message
Focus on singular message
Base on local demographic
Base on local demographic
Planning, Implementing and controlling the physical flow of a product/service from its point of origin to its point of consumption.
Planning, Implementing and controlling the physical flow of a product/service from its point of origin to its point of consumption.
a producer grants the right to sell its product to only or a limited number of resellers
a producer grants the right to sell its product to only or a limited number of resellers
Producer grants the right to sell its product to many resellers
Producer grants the right to sell its product to many resellers
number of intermediaries between the producer and the buyer
number of intermediaries between the producer and the buyer
value of a product relative to its weight and volume
value of a product relative to its weight and volume
standardized price
standardized price
more practical, because of taxation other cost
more practical, because of taxation other cost
institutional arrangement by which a firm gets its product, technologies, human skills or other resources into a market.
institutional arrangement by which a firm gets its product, technologies, human skills or other resources into a market.
company maintains its production facilities within the homenation and transfer its product for sale in foreign countries.
company maintains its production facilities within the homenation and transfer its product for sale in foreign countries.
selling of goods
selling of goods
no money involve
no money involve
sale of goods or services to company that promise to make a future purchase of specific product form that company.
sale of goods or services to company that promise to make a future purchase of specific product form that company.
involve in production process
involve in production process
expands operation downstream, closer to customer
expands operation downstream, closer to customer
upstream closer to raw materials
upstream closer to raw materials
sell assets with agreement to purchase products or services.
sell assets with agreement to purchase products or services.
partners to set up marketing firm to promote product
partners to set up marketing firm to promote product
financing method provides a guarantee of payment, thus reduce the risk for the importer
financing method provides a guarantee of payment, thus reduce the risk for the importer
type of financing method is when shipment of merchandise happens first and bills the importer at a later date
type of financing method is when shipment of merchandise happens first and bills the importer at a later date
type of entry mode involves a build-operate-transfer set up
type of entry mode involves a build-operate-transfer set up
Flashcards
Capital of France (example flashcard)
Capital of France (example flashcard)
Paris
