AN OVERVIEW OF MARKETING AND THE MARKETING ENVIRONMENT AFFECTING MARKETING APPROACHES. 1. When going about developing a marketing approach‚ an organisation needs to look at several factors‚ these factors can affect an organisation directly and sometimes even indirectly‚ The external factors that Woolworths and Topshop would need to take into consideration would be firstly‚ the macro environment: like the political stability of the country‚ the socio-cultural‚ technical‚ legal‚ environmental
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EXECUTIVE SUMMARY Nescafe is looking to attract and retain a young and enthusiastic individuals Market. Nescafé at the same time is targeting young female market too which it feels potentially very strong in terms of coffee in Pakistan . These potential consumers are urban based‚ and are not price sensitive when purchasing coffee but never the less still take it into account. They currently favor café coffee and do not frequently purchase instant coffee. Nescafe is looking
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Explain the role of government in international trade‚ the various levels of economic integration‚ and the impact on international marketing. International trade is the exchange of goods and services between countries which gives rise to a world economy‚ in which prices‚ or supply and demand‚ affect and are affected by global events and its beginnings date as far back as the Roman Empire. After World War II there was a divide between the Eastern and Western countries that had major implications
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1. Why is Personal Selling important to the economy? Ans: Personal selling is where businesses use people to sell the product after meeting face-to-face with the customer. Personal selling is flexible and has many characteristics. For instance‚ the sales person can answer and overcome objection and focus on points of customer interests. Also‚ it builds relationships in the form of ensuring that buyers receive the appropriate service. Moreover‚ direct feedback‚ in this form of communication‚ the
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International Marketing Environment Alfredo Carmona Prof. Simone Farrar Marketing 320 February 3‚ 20 In today’s fierce market it is important for corporations to go global. This isn’t an easy task as it takes a lot of careful planning and research in order to be successful at an international level. The competition can come from local companies to others looking to also expand into worldwide markets. This is why it is so important for a company to analyze this new market and familiarize themselves
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make assumptions about a person’s beliefs or behavior based on a single cultural indicator‚ especially race or ethnicity‚ when in reality‚ a person’s cultural identity is a complex interlace of all the cultural groups he/she belongs to‚ groups that influence his/her values‚ beliefs‚ and behaviors. Often culture is thought of as the food‚ the music‚ clothing and holidays a groups of people share‚ but it is much larger actually than just the visible traditions. I.2 Material and Imaterial culture Material
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Read carefully the definitions and write the correct number in the term. Terms 1. What is retailing? _______ 2. What is a wholesaler? _________ 3. What are single/limited line stores?_______ 4. What is a specialty shop?_________ 5. What are supermarkets?_________ 6. Grocery stores with self service and a wide assortment _________ 7. What are supercenters?________ 8. What makes a strong brand?__________ 9. What are product/brand managers?__________ 10. What are warehouse retailers?__________
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Contents I) INTRODUCTION 3 1. General Introduction 3 2. Market 3 II) MARKETING ENVIRONMENT 4 1. Micro – Environment 4 2. Macro – environment 4 2.1 The Economic Environment 4 2.2 The Cultural Environment 5 2.3 The Natural Environment 6 2.4 The Demographic Environment 7 III) MARKETING MIX 7 1. Target Market 7 2. Price 8 3. Product 8 4. Distribution 9 5. Promotion 10 IV) LESSON 13 I) INTRODUCTION 1. General Introduction Type: Public (NYSE: DIS) Year of establishment: 16/10/1923 Industry: Media and
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Macro Environment: “The major external and uncontrollable factors that influence organisations decision making and affects its performance and Strategies” is called Macro Environment. Macro Environment can be studied through different analysis‚ there are several but mainly used are PESTLE analysis and SWOT analysis. Sainsbury’s Overview: Sainsbury’s was established by John James and Mary Ann in the year 1869 as a small dairy shop. In very short time the store became popular for selling good and
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Introduction A business does not function in a vacuum. It has to act and react to what happens outside the factory and office walls. These factors that happen outside the business are known as external factors or influences. These will affect the main internal functions of the business and possibly the objectives of the business and its strategies. Main Factors The main factor that affects most business is the degree of competition how fiercely other businesses compete with the products that
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