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Charleyne Biondi
Charleyne Biondi

About This Chapter INTERNATIONAL MARKETING
About This Chapter INTERNATIONAL MARKETING

... Globalization has had a significant impact on international marketing. More and more markets have become open to international organizations as the cost and complexity of operating overseas has been reduced by globalization (2). Organizations are able to access lower cost resources and labor in deve ...
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... economy, the world economy, and in the individual firm or nonprofit organization. To stress the importance of the customer, and to show the vital need for a customer orientation on the part of all employees of an organization. To understand the relationships among marketing and other business functi ...
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... 6.2.3 Deciding How to Enter the Market 6.2.4 Deciding the Marketing Program 6.2.5 Deciding the Marketing Organization ...
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... alternative solutions (Sharma, 2009). One alternative to traveling became something known as a ‘staycation’. The term was first used in 2003 by Terry Massey in the Myrtle Beach Sun-News. He was describing the nine days he spent at home in Myrtle Beach watching sports and setting up a nursery for a n ...
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... group is implemented. Firms identify opportunities and needs by segmenting the market. This allows firms to focus on specific needs, to better allocate their resources and to improve marketing mix for each subset. Especially for small firms, it is therefore an important tool to exist. Similarly, the ...
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... Economic growth and booms – with more disposable income, marketing is needed to gain market share.  Fashion – marketing attempts to anticipate trends and/or changes in tastes, lifestyle.  Technology – new product innovation is essential for firms to keep up with competitors.  Competition – rivals ...
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... competitor actions and how they might affect customer preferences emerged in the course of the interviews. (Day and Wensley 1983 also point out the limitations of focusing on customers to the exclusion of competitors.) Hence, though market intelligence pertains to customer needs and preferences, it ...
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Market analysis

A market analysis studies the attractiveness and the dynamics of a special market within a special industry. It is part of the industry analysis and thus in turn of the global environmental analysis. Through all of these analyses the strengths, weaknesses, opportunities and threats (SWOT) of a company can be identified. Finally, with the help of a SWOT analysis, adequate business strategies of a company will be defined. The market analysis is also known as a documented investigation of a market that is used to inform a firm's planning activities, particularly around decisions of inventory, purchase, work force expansion/contraction, facility expansion, purchases of capital equipment, promotional activities, and many other aspects of a company.
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