Friday 29 August 2014

mk0018 smu mba summer 2014 IVth sem assignment

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DRIVE - SUMMER 2014
PROGRAM/SEMESTER- MBADS (SEM 4/SEM 6) MBAFLEX/ MBAN2 (SEM 4) PGDMMN (SEM 2)
SUBJECT CODE & NAME- MK0018– International Marketing

Q.NO.1 Discuss the different management orientations of a company. How does it affect international marketing?
(Management orientations-6, Effect on international marketing-4) 10 marks

ANS:  
Management orientations
The form and substance of a company’s response to global business opportunities depend greatly on management’s assumptions or beliefs –both conscious and unconscious – about the nature of the world. The worldview of a company’s personnel can be described as ethnocentric, polycentric, regiocentric, and geocentric. Management at a company with a prevailing ethnocentric orientation may consciously


Q.NO.2. It is very important to analyze the politico-legal environment of a country in international business. Comment.
 (Discuss the statement) 10 marks
ANS:
Importance to analyze the politico-legal environment of a country in international business
The legal/political aspect is very important in global marketing.  Getting acquainted with how politics and law affect business activities around the world is a critical concern of today’s successful global organizations. Especially in the past ten years, there have been substantial political changes around the world that have shaped business operations. New markets have opened, old ones have closed, and the level of uncertainty that exists presents many marketing challenges. A country’s political system
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Q.NO.3 Compare GATT and WTO and discuss the implications of WTO on  international marketing.
(Comparison-5, Implications of WTO-5) 10 marks
ANS:
Comparison between GATT and WTO:

General Agreement on Tariffs and Trade (GATT): GATT is a multilateral treaty among the member countries that lays down certain agreed rules for conducting international trade. The member countries contribute together to four-fifth of the total world trade. It is interesting to note that underdeveloped countries form a sizable majority in GATT. The basic aim of GATT is to liberalise world trade

Q.NO.4 Nestle is marketing bottled water to Pakistan. Which segmentation it adopts there and what are the other international market segmentations? (NestlĂ©’s segmentation, Bases of segmentation) 3, 7

ANS:

Nestle’s segmentation
Consumers can be categorized in terms of usage rates – for example, heavy, medium, light, and nonuser. Consumers can also be segmented according to user status: potential users, nonusers, ex-users, regulars, first-timers, and users of competitors‟ products. Although bottled water may be considered a luxury product in some high-income markets, Nestle is marketing bottled water in Pakistan where there is a huge market of nonusers who, despite their low income, are willing to pay 18 rupees a bottle for clean water because of the widespread presence of arsenic poisoning in well water and the pollution of surface water. Tobacco companies are targeting China because the Chinese are heavy smokers.

Q.NO.5 Write short notes on:
a) International packaging
b) International logistics planning
(International packaging-5, International logistics planning-5) 10 marks

ANS:

a) International packaging: Packaging has assumed an important function for the preservation of the goods as well as for the reduction of cost of the products. It may be viewed as consisting of two distinct types: (i) industrial (exterior) and (ii) consumer (inferior). Consumer packaging is designed for the purpose of affecting sales acceptance. The aim of industrial packaging is to prepare and protect merchandise for shipment and storage Packing is even more critical for overseas shipment than for

Q.NO.6 Select a product of your choice for export and explain how you will do the pricing and costing of that product.
(Choosing the product-2, Export pricing and costing-8) 10 marks

ANS:

Choosing the product: Before breaking into the foreign market, marketers must consider factors that influence product adoption. As explained by Diffusion Theory at least six factors have a bearing on the adoption process: relative advantage, compatibility, trialability/divisibility, observability, complexity and price. These factors are all perceptual and thus subjective in nature. For a product to gain acceptance it must demonstrate its relative advantage over existing alternatives. A product must also be compatible
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