100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
MARK 3000 Final—McManus Exam Study Questions and Answers Top Graded 2024 CA$21.51   Add to cart
Quickly navigate to
Preview
  2.  
  3. MRKt 3000
  4.  
  5. MRKt 3000

Exam (elaborations)

MARK 3000 Final—McManus Exam Study Questions and Answers Top Graded 2024
 10 views  0 purchase
  • Course
  • MRKt 3000
  • Institution
  • MRKt 3000

Globalization - process by which goods, services, capital, people, info, and ideas flow across national borders Assessing Global Markets - Economics Infrastructure and tech Government actions sociocultural factors Economics - GDP, GNI, purchasing power parity, market size and population gr...

[Show more]

Preview 4 out of 36  pages

Document information

  • September 6, 2024
  • 36
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • mark 3000 final mcmanus
  • mark 3000
  • mark 3000 finalmcmanus exam study questions
  • mark 3000 finalmcmanus exam

Written for

  • MRKt 3000
  • MRKt 3000

Seller

avatar-seller
PossibleA

Reviews received

Content preview

MARK 3000 Final—McManus Exam

MARK 3000 Final—McManus Exam Study Questions
and Answers Top Graded 2024

Globalization - process by which goods, services, capital, people, info, and ideas flow
across national borders


Assessing Global Markets - Economics
Infrastructure and tech
Government actions
sociocultural factors


Economics - GDP, GNI, purchasing power parity, market size and population growth
rate


GDP - measuring value of products and services created there


GNI - consists of GDP plus the net income earned from investments abroad (minus any
payments made to nonresidents who contribute to the domestic economy)


Purchasing power parity - a theory that states that if the exchange rates of two countries
are in equilibrium, a product purchased in one will cost the same in the other, if
expressed in the same country


Weak dollar - means greater demand for their products in foreign countries because
they can sell it at a lower proce


Big Mac Index - purchasing power parity




MARK 3000 Final—McManus Exam

, MARK 3000 Final—McManus Exam



Market size and population growth rate - there are millions of people and growing, but
the population has never been equally dispersed


Infrastructure - the basic facilities, services, and installations needed for a community or
society to function, such as transportation and communication systems, water and
power lines, and public institutions such as schools, post offices, and prisons


Transportation - trains, roads, refrigeration, airports


Communication systems - media access, must be sufficiently developed to allow
consumers to find information about the products and services available in the
marketplace


Distribution channels - must exist to deliver products in a timely manner and at a
reasonable cost, some are high tech, some load things onto donkey carts


Commerce - legal, banking, and regulatory systems, allows markets to function


Gov't actions - quota
tariff
exchange control
trade agreement
trading bloc
ease in doing business


Quota - designates a minimum or maximum quantity of a product that may be brought
into a country during a specified time period




MARK 3000 Final—McManus Exam

, MARK 3000 Final—McManus Exam

- reduces availability of imported goods


Tariff - a tax levies on a good imposed into a country; also called a duty
- artificially raises prices, makes imported goods and more expensive and less
competitive with domestic goods
- lowers demand for imported goods


Quotas and tariffs - both benefit domestically made products because they reduce
foreign competition


Exchange control - regulation of a country's currency exchange rate


Trade agreement - intergovernmental agreement designed to manage and promote
trade activities for specific regions


Trading bloc - consists of those countries that have signed a particular trade agreement


EU - - 28 member countries
- standardized currency
- regulation
- trade practices


NAFTA - - US, Canada, Mexico
- item produced in any is treated as domestic in all


Ease in doing business - - ownership policies
- political stability
- desire for foreign business




MARK 3000 Final—McManus Exam

, MARK 3000 Final—McManus Exam



Culture - the shared meanings, beliefs, morals, values, and customs of a group of
people, exist on two levels: visible artifacts and underlying values


Power distance - willing to accept social inequality as natural


Uncertainty avoidance - the extend to which the society relies on orderliness,
consistency, structure, and formalized procedures to address situations that arts in daily
life


Individualism - perceived obligation to and dependence on groups


Masculinity - the extent to which dominant values are male oriented


Low masculinity - men and women are treated equally in all aspects of society; a higher
masculinity ranking suggests that men dominate in a all positions of power


Time orientation - short vs long term orientation


Long-term orientation - values long-term commitments and is willing to accept a longer
time horizon for the success of a new product introduction


Indulgence - the extent to which society allows for gratification of fun and enjoyment
needs or else suppresses and regulates such pursuits


Business Culture - - the common set of practices considered acceptable in a business
setting
- significant differences in values, behaviors across countries, regions




MARK 3000 Final—McManus Exam

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller PossibleA. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$21.51. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

80461 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$21.51
  • (0)
  Add to cart