MSC INTERNATIONAL BUSINESS INTERNATIONAL MARKETING DAY THREE & FOUR Outline Marketing mix Product and pricing decisions SWOT Analysis Marketing Communication strategy Which Market to Choose Reasons to enter international Markets Marketing Mix Price Product Place Promotion Physical Evidence Process People Price Price is the amount the consumer must exchange to receive the offering. Solomon et al (2009). Product Product means the goods-and-services combination the company
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Vacations are a memorable experience to look forward to when visiting a new place. For most families‚ a vacation is an American tradition; however‚ people should plan accordingly when thinking about conveniences. Domestic travel offers advantages in cost‚ language‚ and special medical care that are usually inconvenient when traveling internationally. Flying to popular locations such as New York for two weeks will cost from $400-$600 per person. The mother tongue of America is English‚ so
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MARKETING PROBLEMS IN ESTABLISHING AND MANAGING INTERNATIONAL MARKETING CHANNELS 1. The procedure used in selecting middlemen:- Identification of a middleman to handle a company’s merchandise is a major problem in managing international marketing channels. To minimize on this problem the following procedures may be used. •Productivity/volume the larger the volume he can hold the better. •Financial strength of the channel‚ the stronger the channel in terms of finances the better because
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Linguistic distance- The measure of differences between languages. Aesthetics- The creation and appreciation of beauty. Cultural Sensitivity- A awareness of a country’s nuances so the culture can be viewed objectively. Cultural Borrowing- This is when a culture takes an idea from another culture to solve problems. Cultural Congruence- A marketing strategy in which products are marketed in a way similar to the norms of that culture. Planned change- A marketing strategy where the company goes out
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International and Domestic Marketing Comparison Paper: India and the United States Introduction Nations‚ like the people who inhabit them‚ are all different. Some‚ like the United States‚ are at the forefront of technology and development. Others exist as third world nations‚ where even the most basic necessities are hard to come by. And then there are those which are in the middle‚ such as India. In the past 20 years‚ India has grown in the eyes of the global community from a rural‚ developing
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Jollibee foods corporationProtected by his office air conditioner from manila’s humid august air‚ in mid-1997‚ Manolo P.( “Noli”) Tingzon pondered an analysis of d emographic trends in California. As the new head of Jollibee’s international division‚ he wondered if Philippine hamburger chain could appeal tomainstream America consumers or whether the chain’s proposed U.S. operations could succeed by focusing on recent immigrants and Philippine expatriates. On the other side of thepacific
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Products and Culture As a marketer‚ we all know that a product is more than a physical item: It is a bundle of satisfactions (or utilities) that the buyer receives. These utilities include its form‚ taste‚ colour‚ odour‚ and texture; how it functions in use; the package; the label; the warranty; and any other symbolic utility received from the possession or use of the goods. In short‚ the market relates to more than a product’s physical form and primary function. The values and customs within a
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adopt domestically or internationally. There is a very large growing trend in international adoptions today. Compared to adoption rates in 1987‚ in 2004 international adoptions had risen over 200% as compared to an 8% rise in domestic adoptions. After World War II‚ international adoptions began to rise because Americans began adopting European and Japanese war orphans. However‚ this was not the only reason for international adoptions. Desperate poverty and social upheaval such as the one child law
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True / False Questions 1. International marketing is the performance of business activities designed to plan‚ price‚ promote‚ and direct the flow of a company ’s goods and services to consumers or users in more than one nation for a profit. 2. A good illustration of an uncontrollable variable that might impact international business is a marketing decision with respect to research. 3. The foreign uncontrollable environment is the same as the domestic uncontrollable environment. 4. The
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International Comparative Economics Lecturers: dr Łukasz Olipra‚ dr Iwo Augustyński The deadline for submission of projects – 13 May 2013 A grade for active participation during classes will be issued at the end of the semester on the basis of presentation of economic system of choosen country and points (pluses) allocated to each student at the end of each lesson and participation in the lectures. Students are required to read materials provided for lessons during semester. Students
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