Marketing
14th Edition
ISBN: 9781259924040
Author: Roger A. Kerin, Steven W. Hartley
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 7, Problem 3BYMP
Summary Introduction
To determine: Whether the marketing plan involves reaching the global customers outside Country U. The special marketing issues that is involved when trying to reach the potential customers.
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
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
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.
learn about different market structures and strategies, and threats in a global market.
Instructions
Review the following materials:
International StrategyLinks to an external site. (5:48)
The New Economy Drivers and Disrupters Report: Tracking the Forces Threatening the World's Hottest EconomiesLinks to an external site.
Answer the questions in this document:
1.Summarize what you learned from your reading 2. What is the difference between a driver and a disrupter in the global market?
3. What do you think is the most important thing for a new business to understand when entering the global market 4. What is one of the forces threatening the world's hottest economies?
5. Thinking of your native country, (Tanzania) which threats are most likely to affect your country's economy?
Explain the embargo trade barrier, with an example. Explain why Develping a Global Vision through Marketing research could be an interesting international marketing topic and why the personal selling and sales management topic be least interesting to someone?
Chapter 7 Solutions
Marketing
Ch. 7.1 - Prob. 7.1LOCh. 7.1 - Prob. 7.1LRCh. 7.1 - Prob. 7.2LRCh. 7.2 - Prob. 7.2LOCh. 7.2 - Prob. 7.3LRCh. 7.2 - Prob. 7.4LRCh. 7.2 - Prob. 7.5LRCh. 7.3 - Prob. 7.3LOCh. 7.3 - Prob. 1MIAMCh. 7.3 - Prob. 7.6LR
Ch. 7.3 - Prob. 7.7LRCh. 7.4 - Prob. 7.4LOCh. 7.4 - Prob. 7.8LRCh. 7.4 - Prob. 7.9LRCh. 7.5 - Prob. 7.5LOCh. 7.5 - Prob. 7.10LRCh. 7.5 - Prob. 7.11LRCh. 7 - Prob. 1AMKCh. 7 - Prob. 2AMKCh. 7 - Prob. 3AMKCh. 7 - Prob. 4AMKCh. 7 - Prob. 1BYMPCh. 7 - Prob. 2BYMPCh. 7 - Prob. 3BYMPCh. 7 - Prob. 1VCCh. 7 - Prob. 2VCCh. 7 - Prob. 3VC
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, marketing and related others by exploring similar questions and additional content below.Similar questions
- 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?arrow_forward#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.arrow_forwardAll of the following are reasons why international opportunities should be considered by managers, EXCEPTA.the world is getting smaller.B. serving international markets may improve economies of scale. C. favorable trends at home and unfavorable trends in other countries make international marketing particularly attractive. D. around the world, potential customers have needs and money to spend.E. it helps to develop a competitive advantage at home and abroad.arrow_forward
- From the following, please identify the 2 statements that are true as well as the 2 statements that are false. A) By operating internationally, a company may take advantage of business-cycle differences among countries and thereby reduce its financial risks. B) Many companies merge with or acquire other companies to gain operating efficiencies that help them compete with or become global leaders. C) Export restrictions are becoming more important because consumers increasingly want to buy goods and services produced in other countries. D) Geographical barriers typically do not affect distribution channels within countries; they only affect distribution channels between countries.arrow_forwardExamine the proposition that marketing internationally in emerging markets is so different from any other international marketing situation that it is insufficient for Western firms to develop the traditional practice of having countryfocused strategies, such as a “China strategy” and an “India strategy,” and to begin to consider the firm’s “emerging market strategy.”arrow_forwardAccording to theory of international business development the firm's competitive advantages created in the domestic market can facilitate its subsequent internationalization. In this context, please analyze as; what are the firm specific characteristics or competitive advantages created by Khaadi, National Foods, Amir Adnan and Chen One in their home market Pakistan facilitated their international business development. Also analyze whether the stage model of internationalization is applicable to internationalization of these companies.arrow_forward
- 2 a) Outline and explain what three (3) factors have contributed to the growth of Globalization in recent decades. 2 b) Suggest three (3) reasons why companies engage in International Business? PROVIDE EXAMPLES TO JUSTIFY ANSWERSarrow_forwardIntermediate marketing QUESTIONS: 1- Distinguish between the international marketing strategies of Tesco and Carrefour. 2- Outline two opportunities and two threats to any supermarket retailer considering an entry into the Chinese market. 3- “Deciding on the global marketing program implies five global product/communication strategies firms can choose from.” As a marketing adviser, discuss which of them loo! appropriate for Tesco to adopt, clarifying the necessary and the possible dimensions in your advice.arrow_forwardIn reaching global markets outside the United States (a) what are some criteria that Prince should use to select countries in which to market aggressively, (b) what three or four countries meet these criteria best, and (c) what are some marketing actions Prince might use to reach these markets?arrow_forward
- Prepare to discuss an multinational enterprise's (MNE’s) decision to expand into new areas. Discuss the following scenario: After becoming the president of the multinational enterprise (MNE), your board of directors has instructed you to begin the process of expanding to the Asian Pacific market. What market opportunities, sourcing advantages, strategic imperatives, and transnational strategies should you consider when expanding abroad?arrow_forwardThe expansion of global markets has not only affected the movement of consumer goods, but how businesses function and reach out to collaborators and employees. Global marketing is essential for modern businesses.1.1. Using the above statement as your basis, critically discuss how the following forces have contributed/led to global coordination/integration.1.1.1. Removal of trade barriers (deregulation) 1.1.2. Global accounts/customersarrow_forwardSomeone provided the same follow up question Please read and provide thorough analysis 1.Provide at least two (2) examples/case studies of international modes of entry utilized by multinational corporations in Thailand, Malaysia and South Korea that have succeeded or failed. The name of the multinational must be clearly stated in each example. Be sure to state the mode of entry utilized in each example in each country. Why do you think they would have succeeded or failed in each example included?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios