Question 1

As countries develop, cash overtakes credit as the dominant method of purchase payment

Accepted Answer

As countries develop, credit and digital payments often become more dominant than cash due to the convenience, security, and efficiency they offer.

Question 2

Nations with long histories of rigid social class distinctions tend to adopt participative, egalitarian styles of management more easily

Accepted Answer

Nations with long histories of rigid social class distinctions often have more difficulty adopting participative, egalitarian styles of management, as these approaches conflict with traditional hierarchical structures.

Question 3

As countries develop and education levels become more uniform, firms can more easily adopt more participative forms of management

Accepted Answer

As countries develop and education levels become more uniform, the workforce becomes more skilled and knowledgeable, enabling firms to adopt more participative forms of management where decision-making is shared among managers and employees. This is because a more educated workforce is better equipped to contribute ideas and take part in decision-making processes.

Question 4

In post-industrial economies, a main feature is the infrastructure development that allows local markets to develop into regional markets

Accepted Answer

In post-industrial economies, the main feature is the shift from manufacturing-based industries to service-oriented industries, not primarily the development of infrastructure for market expansion.

Question 5

In post-industrial societies, service sectors become dominant, production facilities move overseas, and national economies become more open to and susceptible to global influences

Accepted Answer

In post-industrial societies, there is a shift from manufacturing-based economies to service-oriented economies, leading to the outsourcing of production facilities to countries with lower labor costs. This transition also makes national economies more interconnected and influenced by global economic trends.

Question 6

As more women enter the work force, demand decreases for labor-saving products such as canned, frozen foods

Accepted Answer

As more women enter the workforce, the demand for labor-saving products, including canned and frozen foods, typically increases because these products help save time in meal preparation, which is valuable for working individuals.

Question 7

As developing markets become more competitive, price competition increases, sales fluctuations occur more often and the need for market feedback increases

Accepted Answer

As developing markets become more competitive, there is a greater emphasis on price competition to attract customers, leading to more frequent sales fluctuations. Additionally, the increased competition necessitates more frequent and detailed market feedback to understand consumer preferences and market trends, enabling businesses to adjust their strategies accordingly.

Question 8

Ethnic and cultural diversities in country populations speeds up the national diffusion of technologies and lifestyle within nations

Accepted Answer

The answer of Ethnic and cultural diversities in country populations...

Question 9

Employment and output maximization tend to be key objectives in tradition-based corporations

Accepted Answer

Employment and output maximization are key objectives in tradition-based corporations because they are focused on maintaining the status quo and preserving the existing social order.

Question 10

Traditional companies tend to have democratic, participative styles of management decision-making

Accepted Answer

Traditional companies often have a more hierarchical or autocratic style of management decision-making, where decisions are made by individuals or small groups at the top of the organization rather than through a democratic, participative process involving employees at all levels.

Question 11

The Protestant work ethic and income-based social class systems tend to encourage materialism

Accepted Answer

The Protestant work ethic emphasizes hard work, discipline, and frugality, which can lead to increased wealth and material success. Income-based social class systems often measure success by material possessions, thereby encouraging materialism as individuals strive to demonstrate their social status through the accumulation of goods.

Question 12

As modernization occurs in national economies, production and division of labor increases for firms, and they tend to be more profit-focused

Accepted Answer

As modernization occurs, economies often shift from agrarian-based to industrial and service-based, leading to increased production and specialization (division of labor) within firms. This shift typically comes with a stronger focus on efficiency and profit maximization, as competitive pressures and market demands intensify.

Question 13

As competition increases in markets, branding becomes increasingly important

Accepted Answer

As competition in markets increases, branding helps companies differentiate their products or services from those of their competitors, creating a unique identity and value proposition that can attract and retain customers.

Question 14

Infrastructure linkages among village communities are key factors in allowing markets to develop and in encouraging local cultures to regionalize and ultimately to homogenize into national cultures

Accepted Answer

Infrastructure linkages such as roads, telecommunications, and public transportation facilitate the movement of goods, services, and people among villages and between rural and urban areas. This connectivity not only supports the development of markets by making it easier to trade and access different goods and services, but it also encourages the exchange of cultural practices and ideas. Over time, this can lead to the regionalization and eventual homogenization of local cultures into broader, national cultures as people adopt more uniform practices, languages, and customs facilitated by improved infrastructure and increased interactions.

Question 15

Consumer materialism and the desire for the better life can be inhibited by religions such as Hinduism, Buddhism, or Islam

Accepted Answer

Many religions, including Hinduism, Buddhism, and Islam, often promote values such as modesty, contentment, and the importance of spiritual over material wealth, which can inhibit consumer materialism and the excessive desire for a better material life.

Question 16

The final stage of country development is the nation's integration into regional and global economies through involvements in trade blocs and memberships in international organizations such as the United Nations

Accepted Answer

The final stage of country development involves integration into regional and global economies, which includes participation in trade blocs and international organizations like the United Nations.

Question 17

As consumers become more experienced purchasers, decision-making about products and brands tends to become more male-dominated

Accepted Answer

Consumer decision-making does not inherently become more male-dominated with increased purchasing experience. Decision-making patterns are influenced by a variety of factors including individual preferences, cultural norms, and market trends, rather than simply the gender of the consumer.

Question 18

Competitive pressures on firms in developing markets are high in both urban and rural areas

Accepted Answer

The answer of Competitive pressures on firms in developing markets...

Question 19

Social class systems emphasizing hereditary criteria make conspicuous consumption lifestyles important indicators of social status

Accepted Answer

The answer of Social class systems emphasizing hereditary criteria make...

Question 20

Merchandising and packaging become more important aspects of marketing strategy as nations become increasingly developed

Accepted Answer

As nations develop, consumer markets become more competitive and saturated, making merchandising and packaging crucial for differentiating products, attracting consumers, and conveying brand values.

Quiz 2: Globalization Effects on Country Institutions, People, Industries, Business and Consumers