Examlex
Describe the advantages of using a global advertising agency when you begin a global marketing effort. How is an international affiliate different from a global agency in structure? What is the disadvantage to an advertiser in using its agency's international affiliate to reach a market in a different country?
TQM (Total Quality Management)
A management approach focused on continuous improvement of all organizational processes, products, and services.
Gemba
A Japanese term meaning "the actual place," often used in business to refer to the place where value is created or where the work is done, stressing the importance of understanding firsthand information.
Transumer
A consumer who prioritizes experiences over possessions and often engages in temporary use or rental of goods rather than ownership.
Second-Party Response
Feedback or reactions received directly from someone who is involved in a conversation or transaction, as opposed to third-party or external opinions.
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