front 1 Using highly localized marketing programs tailored to individual country markets. | back 1 Adaptation |
front 2 A firm’s distinctive competencies that allow it to create greater customer value than competitors. | back 2 Competitive Advantage |
front 3 The belief that the home country is superior and that domestic marketing strategies will work globally. | back 3 Ethnocentric |
front 4 A global mindset that views the world as a single market while recognizing similarities and differences across countries. | back 4 Geocentric |
front 5 A company with a geocentric orientation that integrates and coordinates operations across world markets. | back 5 Global Company |
front 6 An industry in which firms gain competitive advantage by leveraging and integrating activities on a worldwide scale. | back 6 Global Industry |
front 7 A firm’s overall plan for pursuing global market opportunities, including decisions about standardization, adaptation, and coordination. | back 7 Global Marketing Strategy |
front 8 A company that enters foreign markets using an extension strategy with minimal changes from the home market. | back 8 International Company |
front 9 The benefits gained from sharing experience, knowledge, and economies of scale across multiple countries. | back 9 Leverage |
front 10 A firm that competes internationally by adapting products and marketing strategies to each local market. | back 10 Multinational Company |
front 11 The belief that each country market is unique, leading to decentralized decision-making and local marketing control. | back 11 Polycentric |
front 12 The belief that regions of the world share similarities and can be managed with coordinated regional strategies. | back 12 Regiocentric |
front 13 Using the same or very similar marketing mix across countries to achieve efficiency and consistency. | back 13 Standardization |
front 14 A highly evolved organization that integrates global operations while serving markets in many regions simultaneously. | back 14 Transnational Company |
front 15 Increase sales with existing products to existing markets | back 15 Market penatration |
front 16 Create growth by selling new products in existing markets | back 16 Product Development Strategy |
front 17 Introduce existing products to new markets | back 17 Market development Strategy |
front 18 New markets and new products to achieve growth | back 18 Diversification Strategy |