Question: Because emerging markets have underdeveloped infrastructure: R&D efforts are centered in these markets to generate new ideas They do not have to overcome legacy technology
Because emerging markets have underdeveloped infrastructure:
- R&D efforts are centered in these markets to generate new ideas
- They do not have to overcome legacy technology and can leapfrog it
- Distribution channels will be easier to set up
- They cannot afford the best products from MNCs (WRONG)
Hindustan Unilever pursued the following strategy to expand its market share in India.
- Supported a brand portfolio to cover a wide range of segments
- Concentrated on the urban population for sales
- Focused its efforts on the BOP masses
- Retained the low unit price concept only for shampoo (WRONG)
There are many reasons why a company might prefer to be a follower in a new market, not a first entrant. Which of these is not one of those reasons?
- Better developed marketing channels
- Reduced profits because the market is already gone
- Fewer pitfalls as the follower can see the mistakes of the first mover (WRONG)
- Competitive response from other MNCs and local competitors
Backward innovation offers
- A stripped-down version of the product that is sold in developed markets
- Reverse engineering to copy competitors(WRONG)
- Copies of low-price competitor products for an emerging market
- Use of older tech to produce a lower price product
Probably the least effective product design option is:
- No adaptation- sell what we already make
- To sell a stripped-down version of a normal good
- To sell our normal products at a premium price (WRONG)
- To extend the product life cycle by selling obsolete goods abroad
A package characteristic with perhaps greater significance in emerging markets than developed countries is___.
- Sustainability
- Variety of sizes (WRONG)
- Safety
- Refrigeration
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