Đáp Án Bài Thi
Đáp Án Bài Thi
Đáp Án Bài Thi
Question 1. What are trade barriers? Give an example of a trade barrier in a specific country?
Question 2. What is market entry strategy? How to select a market entry strategy?
Question 3. What is the difference between goods and services? What is the marketing mix in
service marketing?
Questions:
1. What are some of the things IKEA is doing well to reach consumers in different markets?
What else could it be doing? (2 point)
2. IKEA has essentially changed the way people shop for furniture. Discuss the pros and
cons of IKEA’s strategy, especially as the company continues its global expansion. (1
point)
3. How much should IKEA customize its products and retail environment to fit local tastes?
Could excessive customization hurt its brand identity? (1 point)
1. By understanding each country’s different consumers and cultural nuances, IKEA is able
to create one-size-fits-all solutions instead of tweaking its products for different markets.
Many customers spend time in IKEA’s full-size sample rooms. Because the aesthetic of
each room greatly influences whether a customer will make a purchase, IKEA shows how
the same products can appeal to different regional customers. IKEA’s success can largely
be attributed to the adaptation of its business model to different markets. IKEA’s market
research in different regions has helped the company accelerate its expansion across the
world and become a relevant competitor in each market. What will determine IKEA’s
future success is continuing to understand each market segment and fine-tuning its stores
appropriately.
2. Pros: IKEA’s business model is based on mass production of the same types of products,
which allows it to benefit from large economies of scale. By securing low costs from
suppliers, IKEA charges low prices to consumers. Products are designed to be sleek,
functional, and minimalistic to appeal to the greatest number of budget-minded shoppers.
IKEA keeps its prices low by having customers assemble the furniture themselves. IKEA
furniture is packed into cardboard boxes. IKEA removes as much air as possible from
this “flat packing” to allow furniture to fit inside shipping containers without wasting any
space, thus reducing the costs of shipping.
Cons: Despite its success in Europe, IKEA has faced problems replicating the business
model globally. IKEA identified strategic challenges in each market and had to adjust
accordingly. For example, one of IKEA’s main value propositions in Europe and North
America is its low-cost furniture. In China, however, IKEA’s furniture is priced slightly
higher. IKEA realized that the same value proposition was not in place, so it targeted
young middle-class customers, who were more aware of Western style. IKEA had to
locally source materials and manufacturing because it was not competitive in price.
3. As stated above, IKEA’s success can largely be attributed to the adaptation of its business
model to different markets with different local tastes. Excessive customization will not
hurt IKEA’s brand identity because IKEA’s future success relies on using market
research to understand each market segment and fine-tuning its stores appropriately.