Lesson 4.3.1
4.3.1 Global marketing approaches and localisation Quiz: Pearson Edexcel Business, Unit 4
20 questions
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Lesson 4.3.1, Global marketing approaches and localisation: 20 multiple choice questions for the Pearson Edexcel Business (9BS0), Unit 4: Global business, written with Revision Ninja.
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The 20 questions
-
What is the core feature of a glocalisation marketing strategy?
- Adapting to local markets
- Ignoring cultural differences
- Domestic market focus
- Standardised global launch
-
What defines an ethnocentric approach to international marketing?
- Local joint ventures
- Decentralised management
- Total product adaptation
- Using domestic strategies
-
What defines a polycentric approach to global marketing?
- Tailoring strategies locally
- Centralising marketing decisions
- Replicating domestic strategies
- Standardising products worldwide
-
Which global marketing approach blends worldwide standardisation with local adaptation?
- Geocentric approach
- Ethnocentric approach
- Domestic approach
- Polycentric approach
-
Which two dimensions form the core framework of Ansoff's Matrix?
- Products and markets
- Imports and exports
- Costs and revenues
- Prices and profits
-
Which action is an example of adapting the product element for international markets?
- Adjusting retail prices
- Changing distribution channels
- Translating promotional slogans
- Modifying product flavours
-
A firm earns 60% of its 500 million sales at home and the rest overseas. What are its overseas sales?
- 300 million
- 100 million
- 40 million
- 200 million
-
A global brand introduces a local flavour in one Asian country. Which concept does this illustrate?
- Glocalisation
- Market penetration
- Domestic marketing
- Diversification
-
A firm with an existing product enters a new country. Which Ansoff strategy is this?
- Market development
- Diversification
- Market penetration
- Product development
-
Which global marketing strategy adapts the marketing mix to suit local market differences?
- Domestic approach
- Geocentric approach
- Polycentric approach
- Ethnocentric approach
-
What is the main financial benefit of using a standardised global marketing strategy?
- Tailored brand image
- Economies of scale
- High price premium
- Local responsiveness
-
What is a major risk for a firm adopting an ethnocentric marketing approach overseas?
- Increased trade tariffs
- Diluted brand identity
- Higher production costs
- Ignoring local tastes
-
Which global marketing approach balances standardisation with local market adaptation?
- Polycentric approach
- Geocentric approach
- Ethnocentric approach
- Domestic strategy
-
A geocentric global marketing strategy is best described as which approach?
- A domestic approach
- A polycentric approach
- A standardized approach
- A mixed approach
-
A brand name translating offensively in a foreign language reflects which barrier?
- Distribution bottlenecks
- Economic protectionism
- Legal restrictions
- Cultural differences
-
Standardised marketing costs £1.2m globally. Localised costs £300,000 per market across 40 markets. Calculate the saving.
- £10.8 million
- £12.0 million
- £1.2 million
- £2.8 million
-
Which Ansoff strategy involves selling new products in existing overseas markets?
- Product development
- Market penetration
- Market development
- Diversification
-
What is a major drawback of using a polycentric global marketing strategy?
- High production standardisation
- Eliminated translation costs
- Centralised headquarters control
- Inconsistent brand image
-
In a global marketing mix, what does the 'place' element primarily focus on?
- Product design
- Pricing strategies
- Promotional media
- Distribution channels
-
What strategy modifies marketing elements locally while maintaining a core global brand?
- Diversification
- Glocalisation
- Ethnocentrism
- Standardisation
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