INTERNATIONAL Flashcards
(38 cards)
Vital in creating the right marketing strategy through effective marketing tactics.
EXTENDED MARKET MIX
Is the practice of dividing the entire market
Market Segmentation
Is a process of selecting the target market.
market targeting
Refers to the segment the company wants to serve
target market
Is a strategic tool used to establish the image of a brand or product in the minds of the consumer.
Market Positioning
The commodity or good produced or manufactured to satisfy wants and needs of consumers.
Product
The amount that customers pay so they can have and enjoy.
Price
Moving products from the producer to the intended user
Place
-It is the most expensive and essential component of the marketing mix.
-helps the company to acquaint the customers with the product and publicize it and publicize it and its features to the public.
Promotion
-the most important resource of a company
People
Refers to the flow of activities or mechanism that takes place where there is in an interaction between the customers and the business.
Process
Are the creation of products that are tangible, that customers could really feel and own.
Technological Processes
Are actual distribution of sales to customers and the reactions of the customers.
Direct activities
Are support that happened before, during or after the service has been given
Indirect Activities
Refers to the physical environment experienced by the customer.
Physical Evidence
Also called moral philosophy, is a discipline, a branch of philosophy, that seeks virtue.
Ethics
Imposes burdens on people who are no different from those on whom the burdens are not
Discrimination
Gives benefits to some people without a justifiable reason for singling them out.
Favoritism
Refers to all the essential systems and facilities needed for the smooth flow of a country’s day-to-day activities.
Infrastructure
Are the links between sellers and buyers in both domestic and international marketing.
Distribution channels
Are the middlemen that link sellers and buyers.
marketing intermediaries
is based in a single home country.
with no foreign direct investment in other countries
international/export marketing
Operate in more than one country, having foreign direct investment in all of them.
multinational companies
is the set of moral rules, principles, and standards that govern how businesses operate.
business ethics