MBA management

 

. What are among the benefits of scrutiny of international business and globalization?

l. New market opportunities

ll. Balance uneven income sources

lll. Reduce marketing costs

lV. Globalsustainability

a)

. I and ll

b)

. l, ll and lll

c)

. l, lll and lV

d)

. All of the above

2. ln production strategy overseas, what could be among the benefits to encourage such a

move?

l. Technicalexpertise.

ll. Low cost workers

lll. Easy government assistance

lV. Raw material availability

a)

. I and ll

b)

. land Ill

c)

. l, ll and lll

d)

. l, ll and lV

3. What is the importance of a stable exchange rate?

a)

. Bring surprises to changes in exchange rates.

b)

. lmprove the accuracy of financial forecast and planning

.

c)

. An impossible task for the central bank of a country

.

d)

. lncrease the insurance premiums for trading risk.

4. Culture is deeply embedded in the preference of a specific group of people. Religion is a

core in the formation of culture. Which of this is a taboo or negative influence in oversea

expansion ?

a)

. Selling fish burger in Japan.

b)

. Selling egg

burger in Thailand.

c)

. Selling pork burger in Bangladesh.

d)

. Selling beef burger in New York.

Page 2 of 7CODE: M G T 5 0 I

5. ln Hofstede early study on culture, which of the following are included in the frame

work?

l. lndividualism vs collectivism

ll. Small power distance vs large power distance

lll. Strong and weak uncertainty avoidance

lV. Masculine vs Femininity

a)

. l, ll and lll

b)

. l, ll and lV

c)

l, lll and lV

d)

. All of the above

6. These are among the advantages of international expansion via franchising mode?

l. HiCh cost but low risk.

ll. Low cost and low risk.

lll. Rapid expansion

lV. Utilize local knowledge

a)

.llland lll.

b)

. ll and lll.

c)

. ll, lll and lV.

d)

. All of the above.

1. In developing and marketing products, which of the following would be the options to

adopt?

a)

. Trading by purchasing from other companies.

b)

. lnfringement of patents from other companies.

c)

. Standardizing or adapting to market.

d)

. Renewing or creating new products.

8. ln designing international distribution strategies, companies consider the following

analysis?

l. Plan, implement and control product origin.

ll. Physical path for product to reach customers.

lll. Considers the point of consumption of the product.

lV. Disregard the location for delivery of product benefits.

 

Sample Solution

MBA management

Globalization is a term used to describe how countries, people and businesses around the world are becoming more interconnected, as forces like technology, transportation, media, and global finance make it easier for goods, services, ideas and people to cross traditional borders and boundaries.  Globalization can provide tremendous opportunity for economic growth to improve the quality of life for many people. Globalization allows companies to find lower-cost ways to produce their products. It also increases global competition, which drives prices down and creates a larger variety of choices for consumers. Lowered costs help people in both developing and already-developed countries live better on less money.

The second of these checkpoints is the conflict of the story. “Conflict is the driving force of a good story. No conflict, no story” (Fog, 2004:35). What Klaus Fog means by conflict is not something negative, it is a way in which the storyteller, or in this case brands, can communicate their perception of right and wrong. The reason why conflict is such a big factor to play in stories, is because “As humans, we instinctively look for balance and harmony in our lives. We simply don\’t like being out of tune with our surroundings and ourselves. So, as soon as harmony is disrupted we do whatever we can to restore it. We avoid unpleasant situations, feelings of stress or anxiety” (Fog, 2004:35). By having conflict within a story, the consumer can relate to the brand on a more emotional level, rather than just being skin deep.

Thirdly, the characters involved are a key feature to any story. “In order to get personally involved with a story, we, as readers or listeners, must be able to identify with the characters” (Fog, 2004:41). The use of characters helps to create the emotional connection to the consumer as spoken about previously. The way it does this is because as a consumer, we may be able to see part of our self in one of the characters. This makes a relation between the consumer and the character. The reason for this is because if we can identify with the characters, we can fully embrace and understand the story.

The last point is the plot is something that is divided into three parts, the beginning, middle and end. At the very beginning of the story, the scene is set and “the progression of change creates conflict and sets the parameters for the rest of the story. The conflict escalates but is finally resolved, marking the end of the story” (Fog, 2004:44). The reason the plot and flow of the story is so important, is because “it is vital to the consumer’s experience” (Fog, 2004:44). The plot is something that can be developed over time to create a more immersive experience, or can be done cleverly in 30 second advertisements to catch the consumers attention.

Now the four ‘checkpoints’ have been outlined and explained, it’s time to work out how brands apply this to their marketing and advertisement strategies. Once it is understood how these brands apply storytelling, it will become visible how they can “create identification, engagement and relevance” (Fog, 2004:164) with their consumers. Brands use storytelling as a sales promotion tool, and “More and more companies are looking to create a story universe surrounding their products and services. In doing so, their story becomes the driving force behind their brand values” (Fog, 2004:164). When companies can tell an immersive story through their marketing and advertisements over a long period, Klaus Fog refers to brands being able to create a “story universe surrounding their products and services” (Fog, 2004:164). The fact that Fog identifies the stories that brands tell as a fictional universe, allows the consumer to get fully immersed in the story. This is where the story becomes “the driving force behind their brand values” (Fog, 2004:164). By creating this other ‘universe’ revolved completely around the brand, they can strengthen their image, and mak

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