What is the difference between culture and subculture? Why do marketing managers need to understand culture and subculture?

What will be an ideal response?


CULTURE is the set of values, norms, attitudes, and other meaningful symbols that shape human behavior and the products of that behavior as they are transmitted from one generation to the next. Culture is environmentally oriented and dynamic. It also gives order to society by establishing common expectations.

SUBCULTURES are subdivisions of culture on the basis of such things as demographic characteristics, geographic regions, political beliefs, religious beliefs, and national and ethnic backgrounds. Subcultures are homogeneous groups that share elements of the overall culture as well as unique elements. Within subcultures there are even greater similarities in people's attitudes, values, and actions than within the broader culture.

Without understanding culture, a firm has little chance of effectively penetrating the market. As more companies expand their operations globally, the need to understand the cultures of foreign countries becomes more important. Marketers should become familiar with the culture and adapt to it, or marketers can attempt to bring their own culture to other countries. Marketers should also identify subcultures and then design special marketing programs to serve their needs.

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The entry to record the sale of equipment costing $40,000, with accumulated depreciation of $34,000 and sale price of $8,800, is:

a. Cash 8,800 Accumulated Depreciation— Equipment 34,000 Equipment 40,000 Gain on Sale of Equipment 2,800 b. Accumulated Depreciation— Equipment 34,000 Equipment 25,200 Gain on Sale of Equipment 8,800 c. Accumulated Depreciation— Equipment 8,800 Loss on Sale of Equipment 31,200 Equipment 40,000 d. Accumulated Depreciation— Equipment 14,800 Loss on Sale of Equipment 25,200 Equipment 40,000

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Fits Like A Glove Shoes, Inc, and Retail Footwear Stores enter into a contract for a sale of shoes. The contract indicates that the price includes transportation costs to a specific destination by including the term? A)?C.I.F

B)?delivery ex-ship. C)?F.A.S. D)?F.O.B.

Business

Do most people behave ethically at work, or do they lie, cheat, and steal?

What will be an ideal response?

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Mckenny, Inc., manufactures and sells two products: Product P9 and Product X2. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Expected Production Direct Labor-Hours Per Unit Total Direct Labor-HoursProduct P9200  6.0  1,200 Product X2100  5.0  500 Total direct labor-hours      1,700 The direct labor rate is $28.20 per DLH. The direct materials cost per unit is $140.60 for Product P9 and $107.50 for Product X2.The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity:Activity Cost PoolsActivity MeasuresEstimated Overhead CostExpected Activity???Product P9Product

X2TotalLabor-relatedDLHs$45,084 1,2005001,700Production ordersorders 119,964 6007001,300Order sizeMHs 459,818 3,2002,9006,100  $624,866    The overhead applied to each unit of Product X2 under activity-based costing is closest to: (Round your intermediate calculations to 2 decimal places.) A. $2,964.58 per unit B. $2,186.02 per unit C. $1,837.85 per unit D. $2,082.89 per unit

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