Introduction to Marketing P1: Aims and Objectives and marketing Objectives Ansoff Matrix Describe the following Market Penetration Is to sell existing products to existing markets. Product Development Is selling new products to existing markets. Market Development Is to sell existing products to new markets. Diversification Is selling new products to new markets. Examples from Coca Cola
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Global Marketing Plan 1. Identify the company‚ division or product: Company Introduction * In-N-Out Burger is a regional chain of fast food restaurants with locations in the western United States but mainly California. * Founded in 1946 by Harry Snyder and his wife Esther‚ first establishing their location in Baldwin Park‚ California. * There after new locations have open including some in Nevada‚ Arizona‚ Utah and now Texas. * Operation hours: 10:30 am- 1:00 am (Sunday-Thursday)
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Chapter 1 Global marketing refers to marketing activities that take place across national borders and outside of the firm’s home country Involvement in global marketing does not mean that a firm must sell its products in every country or region of the world Coordination and integration of marketing strategy with an emphasis on standardization are central tenet of GM Evolution of the concept Domestic marketing – International sales are incidental to marketing strategy Multidomestic marketing – unique
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Global marketing Global marketing is a firm’s ability to market to almost all countries on the planet. With extensive reach‚ the need for a firm’s product or services is established. The global firm retains the capability‚ reach‚ knowledge‚ staff‚ skills‚ insights‚ and expertise to deliver value to customers worldwide. The firm understands the requirement to service customers locally with global standard solutions or products‚ and localizes that product as required to maintain an optimal balance
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tandardization / customization Question 3‚ Week 3 * Summarize the standardization/customization debate in global marketing * Identify factors which promote standardization * Identify factors which promote customization * To what extent are consumers buying habits converging? * Illustrate your answer with examples of markets and brands based on your own research * Give full citation of sources in Harvard format ____________________________________________________________
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and the women’s suffrage movement in North America. This issue has gained much attention in the world of social sciences‚ and scientists from all branches (of social science) have conducted numerous studies to deepen their understanding of it. Philip Zimbardo is a world-renown social psychologist who has made many significant contributions to his field‚ as well as with the issue of prejudice and discrimination. He was born on March 23‚ 1933 in New York City to Sicilian parents. He was the first
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Marketing Management‚ 14e (Kotler/Keller) Chapter 2 Developing Marketing Strategies and Plans 1) The task of any business is to ________. A) create customer needs B) differentiate in terms of cost of production C) deliver customer value at a profit D) reduce competition E) communicate similar value as provided by competitors Answer: C Page Ref: 33 Objective: 1 Difficulty: Easy 2) What is the traditional view of marketing? A) Firms should just focus on production because if the
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Global Marketing Shannon M. Urban Marketing 421 April 2‚ 2013 Louis Chavez Global Marketing There are a multitude of companies that operate across the globe and practice business in many different countries. Google is one of the most widely known and utilized internet companies within the United States. Due to the different economic‚ political‚ and social views of each country across the world‚ marketing and business practices must be able to be flexible while still playing to the consumers
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Market research and marketing research are often confused. ’Market’ research is simply research into a specific market. It is a very narrow concept. ’Marketing’ research is much broader. It not only includes ’market’ research‚ but also areas such as research into new products‚ or modes of distribution such as via the Internet. Here are a couple of definitions: Marketing research is the function that links the consumer‚ customer‚ and public to the marketer through information - information used
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Lance Armstrong has lived a very interesting life. Armstrong has had a lot of accomplishments throughout his lifetime. He has also had some rough times‚ but he made it through all of them. He is still living and is enjoying life. Armstrong had a memorable childhood. He was born on September 18‚ 1971 in Plano‚ Texas. He was named after a Dallas Cowboys wide receiver Lance Rentzel. His mother is Linda Armstrong Kelly and his biological father is Eddie Gunderson. Eddie left Linda and Lance when
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