D271 final

Natura and Havaianas have production in different countries, as part of their strategy.

false

Petrobras was privatized

false

The recession in Brazil in the last few years has not affected Natura.

false

did brazil mcdicks change language of food items to portuguese?

false

mcdicks is seen as a cheap fast food option in brazil

false

The ability to build solid partnerships on its projects is one of Petrobras' strengths.

true

The corruption scandal at Petrobras has had many impacts on the Brazilian economy and government.

true

The metaphor of Samba demonstrates that circularity and small steps should be expected when doing business in Brazil.

true

To adapt locally, Walmart in Brazil entered the credit card industry.

true

brazilians are open to foreign products

true

brazilians tend to have breakfast at home

true

mcdicks faced issues in brazil related to releasing market campaigns focusing on children

true

one of mcdicks main competitors is the informal sector

true

Based on the information in the case and Brazilian economic, demographic and economic environment data presented, should ARP go to Brazil?

yes

Compare Mexico and Brazil in GlobeSmart. The experiences learned during the Mexico tour could help ARP in Brazil, since their cultural profiles present some similarities

yes

Compare Brazilian and Dutch culture: Brazilians are more independent than Dutch people

false

Department stores are the best place to sell Beauty and Personal Care items in Brazil.

false

Distribution channel preferences in Brazil and the USA are very similar in the two cases.

false

Local content laws (protectionism) helped Brazil to be economically competitive in the global oil industry.

false

The article "Managing Multinationals in Brazil: Opportunities and Challenges" indicates that Brazil is a market of contradictions for Multinationals. Explain.

Brazil has a very unique and interesting way of doing business. Because it is a melting pot of Europeans, Africans, Asians, and Americans, Brazil's overall culture can come across as inconsistent, especially to foreigners. Brazil's diverse roots can be observed in its history. Diversity is the foundation of the nation. Also, Portuguese settlers, as opposed to Spaniards, encouraged infrastructure and development and were more open to mixing with "indians." Brazil was also subjected to British influence through Portugal. The Portuguese are also responsible for Brazil's hierarchical and paternalistic culture. Brazil's geography has also affected business because it makes transportation difficult, the country is isolated, and it relies upon an abundance of natural goods. Immigration throughout the country's history has also hugely influenced Brazilian culture, and the regions throughout the country differ vastly in respect to geography, culture, and economic success. Overall, Brazil's business culture cannot be described as one way or another. Although generalizations exist, Brazil's oftentimes contradictory but unique culture makes it hard to pigeon-hole

CSLL

Company contribution on net profit

IRPJ

Company income tax. Applies to company profits.

Cofins

Contribution for the financing of social security. Charged to companies.

What is Brazil's main problem, according to freedom house?

Corruption, crime, and economic exclusion of minorities are among the country's most serious difficulties.

issues petrobas faced:

Excessive political interference Instability in top leadership Not enough controls and systems to manage growth

Which of the following was NOT one of the measures taken in Plano Real?

Froze all money in bank accounts

II

Import tax

Jeitinho ________

Is related to personal exchanges in order to get things done faster Is not always used to take advantage Has to do with creativity to deal with daily complications

Which of these entry/expansion modes did Walmart use in Brazil?

Joint Venture Acquisitions

A potential problem caused by local content laws is :

Lack of firm commitment by local industry to become competitive

Petrobras faced many problems, with the exception of:

Lack of knowledge in deep water oil exploration

The initial failure in Brazil was caused by which of the following?

Lack of products (they ran out of stock in the store) Location Infrastructure Insufficient knowlege about social environment in Brazil

Which of the following were measures taken in Plano Real?

Lowered down the inflation Interest rates were risen Restricted government expenses

INSS

National Social Security Institute. Percentage of each employee's salary charged to a company and the employee for health care. The value of the contribution varies according to the range of activities.

Petrobas

National oil monopoly created in 1953 to import and refine oil in Brazil. Responsible for exploration and production within Brazil and internationally and for 14 refineries in the country 10,000 producing wells, most offshore along Atlantic coast, produce petrochemicals, plastics, and fertilizers. Owned by federal government but some privatization, major producer, local oil accounts 80% of Brazil's consumption Just newly-discovered Amazonian petroleum as well as crude oil from Peru

PIS/Pasep

Programs for social integration and formation of a public servant's patrimony. Charged to companies.

Petrobas scandal

Prosecutors, in a long-running investigation known as Operation Carwash, have claimed that a small number of top officials at the company, known as Petrobras, conspired with a group of other companies to overcharge Petrobras for construction and service work, receiving bribes in return. The ensuing scandal and vast investigation has implicated dozens of high-level figures like former President Luiz Inácio Lula da Silva and his successor, Dilma Rousseff. Corruption allegations have also dogged the current president, Michel Temer, and several of his close allies. Petrobras officials believe nearly $3 billion in bribes were paid as part of the scheme, which allegedly included gifts of Rolex watches, $3,000 bottles of wine, yachts, helicopters and prostitutes.

Based on the information you read on Culture Smart about the Brazilian regions and on the data on the case, to which region of Brazil should ARP go first?

Southeast

IPTU

Tax on buildings and urban land

IOF

Tax on financial operations. Applies to loans, financing and other financial operations, and shares.

IPI

Tax on industrialized products. Charged to industries.

ISS

Tax on services. Charged to companies.

ICMS

Tax on the circulation of goods. Also applies to interstate and inter-municipal transport.

IPVA

Tax on the ownership of automobiles

As observed in the reading, The Brazilian Samba, one should expect things to move really fast in Brazil when doing business.

false

Brazil has low power distance.

false

Brazilian firms are not as competitive as their foreign competitors.

false

FGTS

Time of service guarantee fund. Percentage of the salary of each employee who has signed a work logbook, deposited by the company.

Brazilians and Dutch people are both highly task oriented

false

Brazilians tend to value more speed over thoroughness than Dutch people.

false

The Foreign Corrupt Practices Act

enacted in the USA, is the source of a glaring comparison. US companies, in their worldwide operations, are forbidden to engage in activities that are illegal in the USA

"Consumers were not used to eating hamburgers" was an issue for mcdicks w they entered brazil

false

According to the case, entering Brazil one year after Plano Real was not good timing because of the economic situation (inflation was very high).

false

Accuracy in planning the costs for new projects is one of Petrobras' competitive strengths.

false

As observed in the reading, The Brazilian Samba, Brazil is on the top 50 countries on ease of doing business raking

false

what did brazil mcdicks offer?

tropical juice w all meals, coffee shop, ice cream cones in free standing locations

Brazil combines collectivism and indulgence in Hofstede's cultural dimensions

true

Brazilians love to shop and the habit of saving is not very common.

true

Compare Brazilian and Dutch culture: Dutch people communicate more directly than Brazilians

true

Considering the company's corporate governance, Petrobras' board is strongly influenced by politicians.

true

Direct selling in Beauty and Personal Care represents a higher % of the Brazilian Market than in the United States.

true

Entrepreneurship and collectivism supported the expansion of Havaianas.

true

Havaianas uses temperature as one of the items for its prioritization map for internationalization.

true

In a MFA (master franchising agreement), a master franchisee has the rights to sub-franchise in a certain territory.

true

Integrated large-scale production is one of Petrobras' strengths.

true

Kickbacks were used for financing political campaigns and the company became a source of political slush funds.

true

Lava jato (car wash) was the beginning of Petrobras' decline.

true

McDonald's faced problems in Brazil related to exploitation of workers

true

Natura and Havaianas focus on innovation and creativity.

true

Natura and Havaianas have acquisition as one of their expansion strategies.

true

Natura and Havaianas take advantage of "Brazil as country of origin" as one of their competitive strengths

true

Natura has a strong focus on sustainability and uses different plants as raw materials.

true

Networks were very important in the case of Havaianas' internationalization process.

true

Privileged access to new reserves and new proposed oil and gas regulation is one of Petrobras' competitive strengths.

true

Real estate costs and availability in urban centers was an issue for mcdicks w they entered brazil

true

The Brazilian economy faced problems with the Asian crisis in the late 1990s. As a consequence, the Real was devalued.

true

The Northeast region of Brazil offers lower labor costs than in the Southeast of Brazil.

true