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How does a company's product influence the process of going international?
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Which of these terms means the refusal to buy a companys product?
boycott
What communicates a companys intended value positioning of its product or brand to the market?
The stock performance and value is what communicates and indicates the companys intended value to the general public. Then the information is used to invest or sell in the value of the instruments.
What is the modification of an existing product or process?
Innovation is the modification of an existing product or process.
Explain the impact of the product life cycle on international trade and international investment?
The impact of the product life cycle on international trade and international investment promotes peace and cohesion between countries.
Discuss the effect of shorter product life cycles on a companys planning process?
When there is a shorter product life cycle, all stages of the planning process need to be completed as quickly as possible. Regardless of this, managers need to spend enough time researching the market, and deciding if any adaptations need to take place, before the product is introduced. Identifying segmentation variables and getting the message out as quickly and effectively as possible is very important. All of this may cost slightly more initially due to the lack of time, but the product will produce higher amounts of revenue if the investment is made.
How would quality of product influence competition?
simple better quality of product then more competition will be suggested by similar product companys same goes each way round. Its human nature to progress, to move on to get better.
How does product design influence the design process?
For some information on how product design impacts design process, check out the related link.
Which of these terms means the refusal to buy a companys product?
boycott
Where are simulations used?
simulations are used to test the product before putting the product out on the market. Also every company that sells products uses simulations. A simulation is simply a test. Car companys put their cars through many simulation tests to see how it will fair on the road. Beauty product companys simulate their product on people to see how it will look and how it will work. Soap companys simulate their product on people to see how good there product works against their competitors.
Is a companys product sales as a percentage of total sales for that industry?
market share
What is a while label product?
A white-label product is a product manufactured by one company but sold or marketed by another company under its own brand name. This allows the company selling the product to offer a product without having to invest in its own production facilities.
Is Wesson corn oil and mazzola corn oil the same product just different packaging?
Same thing, just different companys product.
How product decision made in international business?
Four factors influence the product design decisions of international marketers: preferences, cost, laws & regulations, and compatibility. International product mix is a set of all product lines & items meant for sale in overseas markets. The issues that need to be addressed while taking decisions on the international product mix are, the number of product lines, the degree of consistency in these product lines, and their length and depth. The major characteristics of services are intangibility, inseparability, heterogeneity, and perishability. Many factors, such as innovation, excellence in customer service, and efficient operations contribute to the success of an organization at the global level. Before entering a foreign country, a service organization needs to check if it has sufficient resources to venture into the market, whether the mode of entry is appropriate, the demand in the market is adequate, the management style is appropriate, and it has the right people to deal with suppliers and the local authorities. Takeovers, Joint ventures, and Contractual agreements are some of the ways in which international R&D capabilities can be acquired. International diffusion process involves shifting of products to overseas markets. Several factors influence the speed with which diffusion takes place. These are: nature of the product, characteristics of the overseas markets, strategy of the firm, competition, degree of product adaptation necessary, and propensity of consumers to change from the current pattern of consumption to a new pattern of consumption. A product suitable for one market may not be suitable for other markets. Factors that encourage or restrain product adaptation in different countries are: different use conditions, other market factors, and influence of government. International Product Life Cycle describes international trade and production patterns. According to this concept, products have to go through a trade cycle where a country is initially an exporter, then loses its export markets, and then becomes an importer of the product.
What is the impact of product mix in international busisness?
what is the impact of product mix in international business
How you would influence a client to choose a product or service?
How you would influence a client to choose a product or service
What communicates a companys intended value positioning of its product or brand to the market?
The stock performance and value is what communicates and indicates the companys intended value to the general public. Then the information is used to invest or sell in the value of the instruments.
What is the modification of an existing product or process?
Innovation is the modification of an existing product or process.
