Explain the concepts of Global marketing benefits : Cost reduction. Increased competitive advantages on a global basis. Improved quality of products and services. Enhanced customer preference.
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Explain the concepts of Global marketing benefits :
Cost reduction.
Increased competitive advantages on a global basis.
Improved quality of products and services.
Enhanced customer preference.
Step by step
Solved in 2 steps
- Explain the Global Marketing strategies that company can follow in order to establish competitive advantages and efficiently adapt to the ever-changing business environment.Describe how Rapid Globalization affect the marketing landscape in a post-pandemic environment. Please provide some real-world examples.2. In bullet points, outline at least 4 (four) similarities between domestic marketing and international marketing activities?
- What are the global marketing advantages and disadvantages? Provide an Example.Based on the perspective of international marketing, explain, with appropriate examples, the importance of infrastructures to the development of an economy.in your role as an international marketing consultant, you have been approached by the owner of a small business selling coconut oil for use in the food and beauty industries. the business currently has sales of g$10,000,000 per annum but realize that there are opportunities to grow by expanding to overseas countries and need some expert advice on where to expand and how. in your role, select two potentially contrasting overseas countries to conduct an analysis of the economic and trade environments and discuss the differences likely to be experienced in expanding from the home market of guyana. note that only one country must be a developed country(advanced economy).
- You have been hired by a company to lead its local and international expansion efforts. Considering that the company already has products which its markets on a small scale locally, it has become imperative that it makes additions to its current product variants, as well as promote these new and existing products in markets other than its existing markets. Propose four relevant strategies and the key marketing mix decisions you have to make in achieving its expansion objectives.Identify and briefly discuss the key reasons why a company may consider expanding outside its domestic market.Explain What are the benefits of global marketing in terms of economies of scale and cost efficiencies?
- Justify the use of the technology choice model to discuss whether other countries with access to similar resources as Britain were likely to experience the same rate of technological change because of access to the new Atlantic Trade routes in 1500?As an overall outcome of your study of the (Tourism & Hospitality) course, discuss in an analytical manner how does the world unstable health conditions affected global tourism movement, and how this industry can overcome the resulting losses?Think about the following products: packaged flour, swimsuits, textbooks, and automobiles. Describe how a firm would need to adapt the marketing for each of these products to suit conditions in China, Germany, and Saudi Arabia. In particular, think about the nature of the product, its pricing and distribution, and the marketing communications associated with it. China is an emerging market with low per-capita income, Saudi Arabia is an emerging market with a conservative culture rooted in Islam, and Germany is an advanced economy with a liberal culture.