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This chapter explores the impact of globalization on international marketing activities and discusses the considerations for developing international product strategies, promotional strategies, distribution strategies, and pricing strategies.
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INTERNATIONAL BUSINESS CHAPTER XIV DEVELOPING AND MARKETING PRODUCTS
Learning Objectives • Explain the impact globalization is having on international marketing activities. • Describe the types of things that managers must consider when developing international product strategies. • Discuss the factors that influence international promotional strategies and the blending of product and promotional strategies. • Explain the elements that managers must take into account when designing international distribution strstegies • Discuss the elements that influence international pricing strategies.
GLOBALIZATION AND MARKETING • Standardization Versus Adaptation
DEVELOPING PRODUCT STRATEGIES • Laws and regulations • Cultural Differences • Brand and product Names • National Image • Counterfeit Goods and Black Markets • Shortened Product Life Cycles
CREATING PROMOTIONAL STRATEGIES • Push and Pull Strategies • International Advertising • Blending Product and promotional strategies
DESIGNING DISTRIBUTION STRATEGIES • Designing Distribution Channels • Influence of Product Characteristics • Special Distribution Problems
DEVELOPING PRICING STRATEGIES • Worldwide Pricing • Dual Pricing • Factors That Affect pricing Decisions