Which of the following would be considered to be an uncontrollable element in the foreign environment?
Explanation: Level of technology is an uncontrollable element in the international market environment.
Which of the following is an uncontrollable element of marketing decisions?
structure of distribution is an uncontrollable element for the international marketer. Compared to the foreign environment variables, which of the following uncontrollable variables is least likely to affect a domestic marketer?
Which of the following is a controllable element in the environment of an international marketer?
The political and legal environment is a controllable element for international marketers because of the ability to lobby and influence legislation.
What are the two primary obstacles to success in international marketing?
The primary obstacles to success in international marketing are a person’s self-reference criterion (SRC) and associated ethnocentrism.
Is a controllable element in both domestic and international marketing?
cultural elements. _____ is a controllable element in both domestic and international marketing environments. The marketing tasks of an international marketer differs from that of a domestic marketer as: the level of technology and cultural forces are controllable elements for the domestic marketer.
What is the most critical difference between domestic marketing and international marketing?
8. Customer characteristics. Domestic marketing deals with a single type of consumers that have similar characteristics. On the other hand, international marketing caters to different kinds of customers that have distinct characteristics, tastes and preferences.
What is the fundamental difference between domestic marketing and international marketing?
Domestic marketing refers to carrying out marketing activities within the national boundaries. International marketing refers to carrying out marketing activities outside the national boundaries also. 02. It refers to doing marketing in local market and it’s scope is limited.
What are the 5 marketing orientations?
An organisation focus (and subsequently its marketing) is centred around five key categories, classified into the following orientation groups: Production orientation, product orientation, sales orientation, societal orientation and market orientation.
What are the 4 marketing orientations?
Understanding Marketing Orientation
- Sales orientation.
- Market orientation.
- Production orientation.
- Societal orientation.
What are the main risks & uncertainties in international marketing describes?
The major international risks for businesses include foreign exchange and political risks. Foreign exchange risk is the risk of currency value fluctuations, usually related to an appreciation of the domestic currency relative to a foreign currency.
What are the risks of a single country strategy?
Different types of country risk
- Political risk. Political risk determines a country’s political stability, either internally or externally.
- Sovereign risk.
- Neighbourhood risk.
- Subjective risk.
- Economic risk.
- Exchange risk.
- Transfer risk.
What are the types of risk in international finance?
Generally risks which a firm has been categorized as:
- Foreign exchange rate risk.
- Interest rate risk.
- Credit risk.
- Legal risk.
- Liquidity risk.
- Settlement risk.
- Political risk.
What are the factors that contribute to the risks of doing business in a country?
Business Risk Factors
- 1) Market Fluctuations.
- 2) Fluctuations in foreign exchange and interest rates.
- 3) Natural Disasters.
- 4) Competition.
- 5) Implementation of Management Strategies.
- 6) Business Activities Worldwide.
- 7) Strategic Alliance and Corporate Acquisition.
- 8) Financing.
What are the factors that affect risks?
There are four main factors that contribute to the perception of risk in the mind and heart of the customer.
- The size of the sale.
- The number of people who will be affected by the buying decision.
- The length of life of the product.
- The customer’s unfamiliarity with you, your company, and your product or service.
What are the three factors of risk?
The three types of internal risk factors are human factors, technological factors, and physical factors.
- Human-factor Risk. Personnel issues may pose operational challenges.
- Technological Risk.
- Physical Risk.
What are the 4 types of risk factors?
Physical risk factors, and. Psychosocial, personal and other risk factors.
What are the six risk factors?
We analysed the impacts of six risk factors: tobacco smoking, alcohol use, salt intake, obesity, and raised blood pressure and glucose.
What are epidemiological risk factors?
In epidemiology, a risk factor or determinant is a variable associated with an increased risk of disease or infection. Determinant is often used as a synonym, due to a lack of harmonization across disciplines, in its more widely accepted scientific meaning.
How do you identify risk factors?
Here are seven of my favorite risk identification techniques:
- Interviews. Select key stakeholders.
- Brainstorming. I will not go through the rules of brainstorming here.
- Assumption Analysis.
- Cause and Effect Diagrams.
- Nominal Group Technique (NGT).
- Affinity Diagram.