The Advantages of Using an Export Strategy to Build a Customer

question 50

Multiple Choice

The advantages of using an export strategy to build a customer base in foreign markets include

• A) being able to minimize shipping costs, avoid tariffs, and curb the effects of fluctuating exchange rates.
• B) minimizing risk and capital requirements.
• C) being cheaper and more cost effective than licensing and franchising.
• D) being cheaper and more cost effective than a multicountry strategy.
• E) being more suited to accommodating local buyer tastes and host government regulations than a global strategy.

Explain the role of marketing strategies in product development and launch.

Understand the benefits and methodologies of including a precise product or service protocol in the planning phase.

Understand the principles and legal frameworks guiding labor relations, collective bargaining, and strikes.

Identify the conditions under which a strike is considered lawful or unlawful.

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Definitions:

Traits

Enduring personal characteristics or qualities that influence an individual's behavior across different situations and time.

Physiological Processes

The functions and activities within living organisms that enable them to survive, grow, and reproduce.

Mental Activities

Cognitive operations or processes that involve thinking, reasoning, problem-solving, and processing information within the human brain.

Lower Needs

In Maslow's hierarchy, these refer to the more basic needs such as physiological and safety needs that must be met before higher-level needs can be addressed.