International marketing involves marketing activities that take place in more than one country. It involves directing the flow of goods and services to consumers in different nations for profit. There are three main stages of international marketing: exported marketing which relates to exporting existing products overseas with some changes; multinational marketing where products and marketing are adapted to each foreign market; and global marketing which treats the world as one market using consistent strategies worldwide. The role of international marketing is to increase sales and profits, create new business opportunities, widen markets to reduce competition, and utilize cheaper resources internationally to reduce costs.
International marketing involves marketing activities that take place in more than one country. It involves directing the flow of goods and services to consumers in different nations for profit. There are three main stages of international marketing: exported marketing which relates to exporting existing products overseas with some changes; multinational marketing where products and marketing are adapted to each foreign market; and global marketing which treats the world as one market using consistent strategies worldwide. The role of international marketing is to increase sales and profits, create new business opportunities, widen markets to reduce competition, and utilize cheaper resources internationally to reduce costs.
International marketing involves marketing activities that take place in more than one country. It involves directing the flow of goods and services to consumers in different nations for profit. There are three main stages of international marketing: exported marketing which relates to exporting existing products overseas with some changes; multinational marketing where products and marketing are adapted to each foreign market; and global marketing which treats the world as one market using consistent strategies worldwide. The role of international marketing is to increase sales and profits, create new business opportunities, widen markets to reduce competition, and utilize cheaper resources internationally to reduce costs.
International marketing involves marketing activities that take place in more than one country. It involves directing the flow of goods and services to consumers in different nations for profit. There are three main stages of international marketing: exported marketing which relates to exporting existing products overseas with some changes; multinational marketing where products and marketing are adapted to each foreign market; and global marketing which treats the world as one market using consistent strategies worldwide. The role of international marketing is to increase sales and profits, create new business opportunities, widen markets to reduce competition, and utilize cheaper resources internationally to reduce costs.
Session 1 Define What is International Marketing??? International Marketing
Marketing activities take place
more than one country
Direct the flow of a company’s
goods and services to consumers in different nations for the profit. International vs Domestic marketing Domestic marketing International marketing Nature Satisfy customers’ Satisfy customers’ demand in one demand in many country countries Business The influence of The influences of environment economic, political, economic, political, legal legal and cultural and cultural factors in factors in one different countries country => easy to => complicated, forecast and adapt uncertainty, uncontrollable and risks Session 2 Stages of International Marketing 1. Exported Marketing
• Marketing activities relate to export products or
adapt with each foreign market’ demands 3. Global marketing
• Companies consider different countries in the world
as one market
• Sell the same product or service, implement (do)
same marketing strategies for all various foreign markets Session 3 The Role of International Marketing The Role of International Marketing
• Increase sales and profits
• Create new business opportunities: new products, new partners • Widen markets => reduce the competition • Utilize cheap resources: cheap material and low labor cost => save cost