International Marketing: Exam 2 Notes Chapter 6: The Political Environment * Sovereignty of Nations * Sovereign state is independent & free from external control * Enjoys a full legal equality with other states * Governs own territory * Selects its own political‚ economic‚ and social systems * Has power to enter into agreements with other nations * Sovereignty refers to powers exercised by a state in relation to other countries and the
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What are benefits to firms that decide to engage in global marketing? The benefits to firms that decide to engage in global marketing is that they get additional revenue‚ get insight into consumer behavior‚ alternative distribution strategies‚ and advance notice of new product. Also‚ they acquire new approaches to distribution‚ or clever new promotions that they may apply successfully in their domestic market or in other international markets. 2. Why is a nation’s infrastructure an important factor
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1.0 Executive Summary The main objectives of this marketing plan is to evaluate the possibilities for May Soap to enter into the new market- Philippine. There are three possible market entry strategies‚ which are indirect exporting‚ direct exporting and joint venture. Direct exporting is more favourable as it provides greater control and this is important for expanding the business in future. Most-Likely‚ for Lam Soon to enter into a new market like Philippine‚ may incur loss of around RM 25‚000
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Intenational Marketing Plan Table of Contents Executive Summary Situation Analysis Description of product and or service Geographic description of the target market Environmental analysis Cultural analysis Economic analysis Legal environment Political factors and risk analysis Evaluate the market potential of a targeted buyer/ consumer segments Identify factors that influence their purchasing decisions Financial conditions (GDP‚ discretionary income‚ debt‚ credit)
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1b. International Marketing Task Model Marketing Controllables a) The successful manager constructs a marketing programme designed for optimal adjustment to the uncertainty of the business climate. The inner circle in Figure 1.1 represents the area under the control of the marketing manager. b) The marketing manager blends price‚ product‚ promotion and channels-of distribution activities to capitalize on anticipated demand. c) The controllable elements can be altered in the long run and
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Arranging product mix and marketing mix c) Go beyond national boundary d) Make a budget plan e) Make a marketing plan f) Successful implementation of marketing plan for the product for the home country and host country as well 1.2) Scope We focused on the current new demand of motorbike market‚ where we found so many opportunities for the product.it almost very tough to get the licensing benefits. But still it is not impossible. 1.3) management and marketing skills: We purely applied
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Case Assignment Questions DHL Worldwide Express 1. How do customers purchase air express services? Are there differences between documents and parcels? Yes‚ there are differences. There are two principal types of customers. First‚ there are the people who base their decisions depending on the level of satisfaction that the shipment company’s current customer base have. They are not price sensitive and because it is easy to anticipate their purchase volume and shipment‚ it is easier for DHL
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Vanasthalipuram Hyderabad India Local Phone: 040-27764429 12/1/2012 Jay Castle As a marketing product manager for Capital Fitness I was assigned the responsibility of increasing the sales of our products and our personal training services. As a company we have decided to expand by going international; focusing on the booming population of fitness professionals in India. Jay Castle As a marketing product manager for Capital Fitness I was assigned the responsibility of increasing the sales
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in smart phones better. Marketing Export Marketing should be used in order to gain entry into the Singaporean market. Using the same strategies and marketing mix that were used in the United States and Europe will not allow Apple to gain any advantage in this market‚ much like what happened in Japan when the iPhone was introduced. Export marketing is defined as “using the product as a starting point and modifying it as needed to meet the preferences of the international target markets.” When Apple
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Ind. Competence. Joe and the juice: Franchise - you pay royalty every month‚ whether you earn or not - You use the name. The concept have to be good and proved. Of course you need a lot of money to invest‚ because the main firm does not give a single penny for your business. When you see a concept that people like you have to carry on this wave. Partnership is not like franchise .There is no real influence with the concepts. You have to stick to what all think is a good idea. You got limitations
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