When considering where to export, advantages to managers of focusing on a nation that is already a sizable purchaser of goods coming from the home country include all of the following except
A. currency from the foreign country is available to pay for the exports.
B. export and import regulations are not insurmountable.
C. there are abundant natural resources in the importing nation.
D. satisfactory transportation facilities have already been established.
E. the business climate in these importing nations is already relatively favorable.
Answer: C
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Name and describe the appropriate defensive strategic market plans for a business operating in a very unattractive market
At which level of competitive advantage would each strategy be appropriate? Within those types, what are the strategies and when should each be used?
Which of the following is not an example of wasting assets?
a. mines; b. stands of timber; c. gas wells; d. oil wells; e. trademarks
The need-satisfaction approach more closely fulfills the retailing concept than the canned sales presentation
Indicate whether the statement is true or false
Use this information for questions that refer to the United Tools case.Terry Harter is marketing manager for United Tools, and Mike O'Reilly is the firm's logistics manager. They work together to make decisions about how to get United's hand and power tools to its customers-a mix of manufacturing plants and final consumers (who buy United tools at a hardware store). United Tools does not own its own transport facilities, and it works with wholesalers to reach its business customers.Together, Harter and O'Reilly try to coordinate transporting, storing, and product-handling activities to minimize cost while still achieving the customer service level their customers and intermediaries want. This usually requires that United keep an inventory of most of its products on hand; but demand for
its products is fairly consistent over time, so inventory is easy to manage.Harter has identified four options for physical distribution systems she could use to reach two of her key wholesalers, Ralston Supply and Ricotta Tool Co. The total cost for each option-and the distribution service levels that can be achieved-are as follows:
Ralston Supply expects a very high level (90 percent) of distribution customer service. Ricotta Tool Co. is willing to settle for a 70 percent customer service -leveleven if that means some products will occasionally be out of -stockif it gets products at a lower price.For its large retail hardware customers (like Home Depot), United regularly ships smaller orders directly to individual stores or in some cases to the retail chain's warehouses. Cross-country shipments usually go by rail, while regional shipments usually go by truck. It appears that United Tools
A. needs to buy its own fleet of trucks.
B. uses the distribution system with the lowest transportation cost.
C. is implementing the physical distribution concept.
D. works to provide just-in-time delivery to both of its wholesalers.
E. All these answers are correct.