QUESTION 1
It is necessary to conduct an economic environment analysis when considering venturing into
new territory. After all the investment attractiveness of a country is determined by its economic
status. Prosperous economies attract foreign investments as more investors seek to expand
their fortunes by tapping into the growing economy.
1.1 Define the following economic environmental terms that have an impact on international
marketing:
a) Free trade
b) Protectionism
c) Balance of Payments
d) Foreign Exchange
e) Inflation
[1 O]
1.2 The marketer needs to assess the foreign country's feasibility for investment. List any
five (5) economic factors that an International Marketer needs to assess to understand
the country's position.
[5]
1.3 There are important macro economic indicators to the performance of an economy that
an International Marketer should take into consideration before venturing in foreign
markets. Discuss with examples the following Macroeconomic indicators and why they
are important:
[1O]
[25]
QUESTION 2
International marketers must remain sensitive to various points of view to ensure that their
brand does not contain any facets that may be offensive to any culture. When marketing
products overseas, businesses should be sensitive to local conditions.
2.1 Define the following concepts
a) Culture
b) Culture adaptation
c) Planned Cultural change
d) Virtue theory of ethics
e) Social institutions
[1O]
2.2 Discuss with examples any five (5) cultural elements that marketers should consider
with regard to international marketing.
[1O]
2.3 Ethics deals with what is morally right or wrong. Moral business standards are usually
not clear even in the domestic market making it difficult for you as a marketer to know
which behaviour is acceptable and which is not. Discuss the Utilitarian theory of ethics
in relation to International Marketing.
[5]
[25]
2