Question 1 Why did IKEA decide to enter the Malaysian market through franchising? Do you agree with this strategy? What could have been alternative strategies? IKEA is one of the top sellers in furniture goods around the world. IKEA expanded to Malaysia and approaches high-risk market by franchising. IKEA used a conservative policy to globalize its business. IKEA never enters a new potential market by opening a retail outlet. IKEA sets up a supplier link with host country to reduce approach in which
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UNIVERSITY COLLEGE DUBLIN Bachelor of Business Studies (Singapore) Marketing Management (MK2002S) STUDY GUIDE BBS22 FT Singapore Copyright December 2014 1 Author: Dr Ajit K Prasad This manual was prepared for University College Dublin as a comprehensive support for students completing the above mentioned Degree programme. © This publication may not be reproduced‚ in whole or in part without permission from University College Dublin. Module Coordinator: Dr Ajit K Prasad Email: ajit.prasad@kaplan
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Marketing Mix In order for a company to achieve its goals‚ the company must have a strategy that mixes the correct elements of marketing. The term Marketing Mix refers to "the four Ps" of marketing which are product‚ price‚ place‚ and promotion (Kotler & Keller‚ 2006). When creating a mix‚ a company must keep their target market in mind. The company must also understand the needs of the customer‚ then create marketing strategies that will satisfy the demand. The marketing mix should also meet or
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unification of Tibet (Dalai Lama 7-8). This helped Tibet gain more control over their people and their administration (Thurman The 14th Dalai Lama). He helped them gain the peace‚ by doing things involving the Five Point Peace Plan‚ etc. The fourteenth Dalai Lama is also respected in the way that he is a national public figure of speech‚ intelligence and religion (Thurman The 14th Dalai Lama). To show how much he is respected for his acts involving the government and culture‚ Tibetans and other followers
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Helen Keller was not only blind and deaf but also the first person to learn to communicate and graduate from a college. Anne Sullivan was Helen Keller’s Teacher‚ she was able to break through and teach Helen Keller the once thought impossible. Helen Keller was and is an inspiration till this day; she was an author that spoke out on her beliefs. She campaigned for women’s suffrage‚ workers’ rights and socialism. She was an activist for the deaf & blind and the founder of the American Foundation for
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Marketing Management‚ 14e (Kotler/Keller) Chapter 9 Creating Brand Equity 1) The first step in the strategic brand management process is ________. A) measuring consumer brand loyalty B) identifying and establishing brand positioning C) planning and implementing brand marketing D) measuring and interpreting brand performance E) growing and sustaining brand value Answer: B Page Ref: 241 Objective: 1 AACSB: Analytic skills Difficulty: Easy 2) The American Marketing Association defines a ________ as
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fostering of inter-religious harmony and the preservation of Tibet’s Buddhist culture‚ a culture of peace and non-violence. People’s Republic of China inspired 14th Dalai Lama’s loyalty and holiness‚ which led to his non-violence and political involvement for Tibet had brought argument and he just decided to respect
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support) 1. Inbound logistics: bringing materials into business 2. Operations: converting materials into final products 3. Outbound logistics: shipping out final products 4. Mktg: includes sales 5. Service 1. Procurement 2. Technology development 3. HR Management 4. Firm infrastructure Mkt-sensing process: all activities in gathering & acting upon info about mkt; part of core business processes Benchmark: estimating competitors’ costs & performances; ex: can benchmark against other companies Competency:
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prenhall.com/kotler Preface x About the Authors xvi 1. Introduction: Marketing for Hospitality and Tourism CHAPTER OBJECTIVES CUSTOMER ORIENTATION WHAT IS HOSPITALITY AND TOURISM MARKETING? MARKETING IN THE HOSPITALITY INDUSTRY Importance of Marketing Tourism Marketing MARKETING HIGHLIGHT 1-1 Needs‚ Wants‚ and Demands Products Value‚ Satisfaction‚ and Quality Exchange‚ Transactions‚ and Relationships Markets MARKETING HIGHLIGHT 1-2: UNDESIRABLE CUSTOMERS Marketing MARKETING MANAGEMENT MARKETING
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Global Marketing Management: Planning and Organization Section A: Global Marketing Management Global Marketing Management: An Old Debate and a New View: The approaches to global marketing have revolved over the decades. The following trends have been observed: ▪ 1970’s: “standardization vs. adaptation” ▪ 1980’s: “globalization vs. localization” ▪ 1990’s: “global integration vs. local responsiveness” ▪ 2000’s: mixture of global‚ localization The recent trend of mixture of
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