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Over time, demand for a new product starts to grow in other advanced countries.
- True
- False
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- Think about the following products: packaged flour, swimsuits, textbooks, and automobiles. Describe how a firm would need to adapt the marketing for each of these products to suit conditions in China, Germany, and Saudi Arabia. In particular, think about the nature of the product, its pricing and distribution, and the marketing communications associated with it. China is an emerging market with low per-capita income, Saudi Arabia is an emerging market with a conservative culture rooted in Islam, and Germany is an advanced economy with a liberal culture.An alternative for global marketers is to alter a basic product slightly to meet local conditions. Explain with an example?Please pick one product which is not available in the United States and how it can be "localized/adapted" when it enters into the U.S. market and discuss why.
- Choose ONE sporting item that you own e.g. sneakers, jersey, cricket bat etc You must state what material(s) it is made of, and whether these are natural or man-made materials. Speak briefly about how the item is manufactured. State whether the item can be refurbished, reused, recycled - both abroad AND in your own country e.g. “these leggings can be recycled in the USA, but not in Jamaica” State where the item was made - if you are not sure, state where such an item is typically manufactured. How far away is the country of manufacture from your country? Talk about how long you have had the item for, how often you use it, whether you think it is good value for money, and if you are satisfied with its quality and durability. Discuss what you plan to do, or usually do with such items when you can no longer use them. Discuss any concerns you have regarding solid waste disposal in your country. Research and discuss what other more green or eco-friendly versions of the same item are…During the pandemic, there has been an uptick in limited edition products and promotions. Why? Limited edition products are typically half the price of regular products Limited edition products always have higher quality components Limited edition products leverage scarcity Limited edition products have higher sugar content Limited edition products are typically unregulatedW hat role does product adaptation or customization play in successful global market entry?
- what are challenges that Relatively small Enterprises could ecounter once they engage international markets for purpose of supplyInternational trade may offer lower unit prices but at a higher risk. Consider the total cost and trade off lower production costs with higher priced transportation and more uncertain delivery schedules. Add in disruptive weather patterns, multi-language requirements, and fluctuating exchange rates; not to mention political turmoil, labor disputes, and unique tariffs and duties. throughout the world there is one source for Schachtel Schmuggel Bannware: CousinsAg, a domestic supplier located in Wahoo, Nebraska Throughout this turnaround, we will ship utilizing Twenty-foot Equivalent Units (TEUs) from each location. Assume the following: Projected Annual Demand is 21,500 units There are 365 days in a year All product will be shipped to a distribution center in Alliance Fort Worth (AFW) where we will service our customer's needs Inventory carrying cost is 32.2% A TEU container can hold up to 600 units of our product. The Harris EOQ formula is Q* = SQRT((2*Annual Demand*Ordering…With the example of an appropriate product, explain the behaviour of production, consumption, export and import of a product using Vernon's International Product Life Cycle Theory in advanced nations and least developing nations.
- Why custom compliance understanding is important for Canadian importers and exporters ?You work for a cranberry company in Nova Scotia looking to enter the cranberyy market in Australia. Based on this scenario, Describe the product (cranberries), its strongest features and major weakness, and the stage in the product life cycle in the home country (Nova Scotia) and in the target country(Australia). Do you plan to market only in major population centers, or do you plan to achieve total market coverage?example of SMART objective on export goods