In dealing with foreign business the marketers must be aware of varying objectives and aspirations of...

In dealing with foreign business the marketers must be aware of varying objectives and aspirations of management. Explain

Expert Solution

Rahul Sunny answered 1 year ago

Why must marketers be aware of new developments in technology?

“The process of continually collecting information from the external marketing environment.” Marketers must be aware of...

“The process of continually collecting information from the external marketing environment.” Marketers must be aware of the surrounding environment when making marketing mix decisions. The external environmental factors that marketers need to evaluate are: 1. Competitive 2. Economic 3. Social/cultural 4. Technological 5. Political/legal. For each of these products describe how 2 of these environmental factors can or will affect the marketing of these products. For each product you need to discuss 2 different environmental factors, that are listed above,...

What are the pitfalls that a new (startup) business must be aware of to avoid failure....

What are the pitfalls that a new (startup) business must be aware of to avoid failure. Explain each pitfall

what environmental factors must international marketers consider when entering foreign markets? provide an example

Why should marketers keep metrics in mind as they set objectives?

Are you aware of your company's (which is IT) corporate objectives and long term goals?

Are you aware of your company's (which is IT) corporate objectives and long term goals? Is there a mission statement visible to all employees and what does it say? Please give examples of various aspects of the company's sales and marketing operations that support its corporate objectives, be specific. Describe the vision statement of your company (IT) if available and how it differs from the mission statement.

How do marketers use pricing strategy and pricing objectives to achieve their goals? Discuss

Thoroughly explain the various types of pricing strategies and objectives available to global marketers with examples.

Describe the major participants in the foreign exchange market and their objectives.

- Why is price such a difficult variable for marketers to control? What factors must they...

- Why is price such a difficult variable for marketers to control? What factors must they consider in setting prices? - Driving volume is a key pricing objective for many businesses. Find an example of a marketer that uses each of the volume oriented pricing strategies. Do you think this approach is effective? Why or why not?

Question