Concept explainers
Case summary:
Company P is a force in the world market place and is the largest advertiser at few $5 billion yearly. The company organizes its numerous products into 4 industry. In order to serve the worldwide markets, Company P decided that it will cut over 100 brands from the portfolio and concentrates on its balance 80 brands that created 95% of the profit of the company.
As Company P continues to streamline its product collection, it concentrates largely on its market and selling operations as a tool to reach the worldwide customers.
To determine: Whether Company P have many or less advertising and marketing agencies for its advertising at a cost of $9 billion globally on advertising.
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International Business: Competing in the Global Marketplace
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