Which types of business challenges

Assignment Help Operation Management

Reference no: EM132272729

Principles of Marketing

1. Ming, a global business person, had a conversation with a local shop owner in his city. The shop owner asked Ming about the challenges he has encountered doing business with many countries and cultures. Which types of business challenges did Ming most likely describe to the shop owner?

There are many challenges with ethical business practices while organizationing and integrating new regions into existing structures.

There are legal and regulatory structure differences, and challenges with public relations effectiveness.

There are no challenges with developing unsaturated markets for products and accessing lower labor costs.

2. Tony works as a marketer for a children’s toy company headquartered in the United States. The business is expanding to build toy factories in countries such as Bermuda, Great Britain, and Germany. Tony is now writing the marketing plan to address the pricing considerations the company will make for each of the countries. Which areas should Tony focus his attention to create the company’s pricing strategy?

He should research the cost of production, the availability of natural resources, the cost of delivery, and other localized factors that affect pricing.

He should research their languages, business norms, and religious beliefs.

He should research the condition of the infrastructure, their driving regulations, the retail store availability

3. When conducting business in Japan, Jessica, a marketer from a U.S. company, brings her business cards. She offers them with both hands and then bows after a Japanese businesswoman bowed. Which cultural area did Jessica understand to modify her usual business behavior?

cultural language

cultural business norms

cultural time and punctuality

Reference no: EM132272729

Questions Cloud

Due process clause and equal protection clause : Explain the 3 clauses in the 14th Amendment: privileges and immunities clause, due process clause, and equal protection clause.

Advertising increases the efficiency of markets : Some say that advertising increases the efficiency of markets; others say that it decreases their efficiency.

What would be its arrival time in frankfort : What would be its arrival time in Frankfort? Use your resources to find the time difference between the two cities.

Financial condition of organization at any given moment : It is important for management officials to know the financial condition of the organization at any given moment.

Which types of business challenges : Which types of business challenges did Ming most likely describe to the shop owner?

Create data flow diagram : Create a data flow diagram to illustrate how systems will interact with the customer and how the data are passed through the system(s),

Create a beam finite element model of the ladder : MECH4400 - Computational Mechanics - University of Newcastle - Create a beam finite element model of the ladder shown in the drawing

Unity and the gnome desktop environments : Question 1: What are some of the differences between Unity and the GNOME desktop environments?

Discuss at least two ethical occurrence in government : Identify and discuss at least two "ethical occurrence" in government. Thoroughly discuss why you feel the occurrence is ethically questionable or admirable.

User Account

All Pages