Marketing
Marketing
14th Edition
ISBN: 9781259924040
Author: Roger A. Kerin, Steven W. Hartley
Publisher: McGraw-Hill Education
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Chapter 7, Problem 2BYMP
Summary Introduction

To determine: Whether the marketing plan involves reaching the global customers outside Country U. The countries where do the potential customers live.

Introduction:

The exchange of goods, services, and capital across countries is known as global trade. The global trade in many countries represents the importance of the gross domestic product.

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Does your marketing plan involve reaching global customers outside the United States? If the answer is no, read no further and do not include a global ele- ment in your plan. If the answer is yes, try to identify the following: 1 What features of your product are especially im- portant to potential customers? 2 In which countries do these potential customers live? 3 What special marketing issues are involved in try- ing to reach them? Answers to these questions will help in developing more detailed marketing mix strategies described in later chapters.
As a novice in global marketing, which global market-entry strategy would you be likely to start with? Why? What other alternatives do you have for a global market entry?
#1: An entrepreneur is thinking of setting up a new SERVICE business ( you can choose any specific service business) What advice would you give regarding distribution strategy for this business? Address the What? How? Where? and When?  #4: Select three (3) different service INDUSTRIES, one each for people-processing, possession- processing, and information based services. For each Assess the FIVE (5) globalization drivers and their impact on these Three (3) Industries. NOTE: For #4: Please create a sub-header for each industry and list the Five (5) drivers. Then place your information in the correct driver category.
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