self-reference criterion has important implications for international marketing reference criterion and discusses its implications for each element of the marketing mix. Use examples to explain. - Culture * SRC concept link to 4Ps * Religion‚ value‚ language‚ political‚ education (determinants) * Strategy – Standardization (ethnocentric) Explain the main arguments for and against the customization of the marketing communication campaign in overseas markets. Use examples. - Marcomm
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The 4Ps and the marketing mix The 4Ps are the ideas to consider when marketing a product. They form the basis of the marketing mix. Getting this mix right is critical in order to successfully market a product. The 4Ps are: 1. Product 2. Price 3. Promotion 4. Place If market research is carried out effectively‚ a company can plan a promotion for the right product‚ at the right price‚ and to get it to their chosen market‚ in the right place. Now look at the 4Ps in more
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by saying that my topic would be FINANCIAL ANALYSIS OF Nokia .First I will begin by writing the introduction part EXECUTIVE SUMMARY For this assignment‚ I chose the company NOKIA. Now Nokia is a mobile telecommunications company‚ which offers far more than just mobile phones for day to day use. Nokia offers networking solutions for businesses that help businesses stay connected and communicate with each other at all times and places. Nokia also offers special mobile phones with exquisite and
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INTRODUCTION According to palmer (2004; 576)‚ “the marketing mix refers to the choices available to a company or organization regarding the promotion or marketing of its product or services. Usually this process involves considerations regarding where the marketing will take place‚ the product or service‚ the customers‚ and the best way to carry out the promotion as a whole.” The marketing mix is not based on any theory‚ but on the need for marketing managers to breakdown their decision making into
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The Marketing Mix Marketers‚ in order to bring out desired responses from their target markets‚ use a number of tools that form a marketing mix. Marketing mix is defined as the set of marketing tools that an organization uses to follow its marketing objectives in the target market. McCarthy has classified these tools as the 4Ps of marketing which are product‚ price‚ place and promotion. (McGraw-Hill/Irwin‚ 2002) The 4Ps are the ideas to take into account while marketing a product. They constitute
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identifying market segments‚ selecting one or more of them‚ and developing products and marketing programs tailored to each. If the company wants to focus their target marketing‚ they must follow the three major steps: 1. Market segmentation‚ which is dividing a market into distinct groups of buyers with different needs characteristics‚ or behaviour who might require separate products or marketing mixes. 2. Market targeting‚ which is evaluating each market segment’s attractiveess
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KOLEJ TUNKU ABDUL RAHMAN SCHOOL OF BUSINESS STUDIES 2013/2014 DMK2‚ DEM2 & DRM2 COURSEWORK: ABDT3074 MARKETING RESEARCH (40%) INSTRUCTIONS: 1. There are two types of coursework as follows: 1.1 Coursework 1 (20 marks) is a Mid-Term Test and 1.2 Coursework 2 (80 marks) is a group written assignment and individual presentation. 2. Coursework 1 is a Mid-Term Test to be conducted in Week 6 based on a Case Study. Students are required to write answers to the Case Study questions
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The IPhone is a very smart phone that was made by Apple. This smart phone is very popular in the world‚ especially in China. In China now‚ it is no exaggeration to say that iPhone can be seen everywhere. Obviously‚ China is a big marketing of Apple. IPhone came to China in 2007. Before it came‚ the brand Apple was well known in China. Thus‚ iPhone was sold very successful because the iPhone knows what Chinese really need now. So not only teenagers but also businessmen want to have one. The IPhone
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BACHELOR OF COMMERCE UNIT NAME: MARKETING RESEARCH UNIT CODE: HCB 2210 QUESTION Critically discuss the research conducted on the marketing mix variables and evaluate the benefits of such information to marketing management. INTRODUCTION The marketing mix and the 4 Ps of marketing are often used as synonyms for each other. In fact‚ they are not necessarily the same thing. Marketing mix is a general phrase used to describe the different
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CASE STUDY - SONY CORPORATION A record number of Sony Corporation shareholders‚ total 9‚500‚ gathered in a posh hotel in Tokyo on 27th June 2012 waited anxiously for the new chief to reveal revival plan and strategies for Sony. This was Kazuo Hirai‘s first interaction with the share holders. Board of Sony Corporation had announced him as the new Chief Executive in February 2012 and he had taken over charge in April 2012. Kazuo Hirai‚ 51 years old new CEO‚ first asked the outgoing American
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