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What is the difference between international marketing and foreign marketing?
Wiki User
∙ 11y ago
Oh,from my view is no difference,I think. If any difference I can think of,that may be international may means the whole world including your own country,but foreign means the other countries in the world except your own country. This just my personal view,correct or not,I'm not sue :)
Wiki User
∙ 11y ago
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Four phases of international marketing?
There are 4 phases of international marketing involvement; which are no direct foreign marketing, infrequent foreign marketing, regular foreign market and international marketing. In no direct foreign marketing stage, the company may not actively involve in international marketing. But yet there are still have possibility of the product to sell in oversea through the distributor or wholesaler without the knowledge of the producer. The next stage is infrequent foreign marketing, where company may involve in the international marketing infrequently depending when there are temporary surplus of the production. Company has no intention to maintain the international demand and only focus in domestic demand. When only there are surplus of product after distributing the domestic market then only the company would sell to oversea market. The next level is regular marketing. In this stage, the company has the intention to do international marketing and has permanent production capacity allocate to international demand. Company may has own sales subsidiaries in the foreign market. However the sales of the company still depend to the domestic market and the sales in foreign market is just a bonus for the company. The final level is international marketing, where company fully involved and committed in the international market. The company not only setting up sales subsidiaries but the production plant in the foreign country.
What is the importance of international marketing research?
International marketing research allows the company to research customs, cultures, and expectations of foreign countries, which may be different from local marketing. Gathering data may be hindered by language, literacy and access to technology.
How does international marketing research differ from domestic marketing research?
It differs in many ways such as culture, political, technololigal, economical, foreign currencies etc It differs in many ways such as culture, political, technololigal, economical, foreign currencies etc
What skills are helpful to those working in international marketing?
In addition to the language requirement, potential international marketers need appropriate communication skills as well as diplomatic skills in order to work with foreign leaders and function in foreign economic systems.
What is an example of Infrequent Foreign marketing company?
Infrequent foreign marketing . Infrequent foreign marketing is defined as a temporary variation surplus in various demand and production levels causing marketing that occurs overseas infrequent. In this marketing stage of marketing little changes can …
Four phases of international marketing?
There are 4 phases of international marketing involvement; which are no direct foreign marketing, infrequent foreign marketing, regular foreign market and international marketing. In no direct foreign marketing stage, the company may not actively involve in international marketing. But yet there are still have possibility of the product to sell in oversea through the distributor or wholesaler without the knowledge of the producer. The next stage is infrequent foreign marketing, where company may involve in the international marketing infrequently depending when there are temporary surplus of the production. Company has no intention to maintain the international demand and only focus in domestic demand. When only there are surplus of product after distributing the domestic market then only the company would sell to oversea market. The next level is regular marketing. In this stage, the company has the intention to do international marketing and has permanent production capacity allocate to international demand. Company may has own sales subsidiaries in the foreign market. However the sales of the company still depend to the domestic market and the sales in foreign market is just a bonus for the company. The final level is international marketing, where company fully involved and committed in the international market. The company not only setting up sales subsidiaries but the production plant in the foreign country.
What is the difference between a temporary permanent and foreign passport?
the difference between permanent passport and foreign passport
Who wrote the book Principles of Marketing?
The author of the book Principles of Marketing is Peter Kenen, a Senior Fellow on the Foreign relations in International Economics and Walker Professor of Economics and International Finance at Princeton.
What is the importance of international marketing research?
International marketing research allows the company to research customs, cultures, and expectations of foreign countries, which may be different from local marketing. Gathering data may be hindered by language, literacy and access to technology.
International marketing vs domestic marketing?
Domestic marketing is the marketing practices within a marketer's home country. Foreign marketing is the domestic operations within a foreign country (i.e., marketing methods used outside the home market). Comparative marketing analytically compares two or more countries' marketing systems to identify similarities and differences. International marketingstudies the "how" and "why" a product succeeds or fails abroad and how marketing efforts affect the outcome. It provides a micro view of the market at the company level. Multinational, global, and world marketing are all the same thing. Multinational marketing treats all countries as the world market without designating a particular country as domestic or foreign. As such, a company engaging in multinational marketing is a corporate citizen of the world, whereas international marketing implies the presence of a home base. However, the subtle difference between international marketing and multinational marketing is probably insignificant in terms of strategic implications. Domestic marketing is the marketing practices within a marketer's home country. Foreign marketing is the domestic operations within a foreign country (i.e., marketing methods used outside the home market). Comparative marketing analytically compares two or more countries' marketing systems to identify similarities and differences. International marketing studies the "how" and "why" a product succeeds or fails abroad and how marketing efforts affect the outcome. It provides a micro view of the market at the company level. Multinational, global, and world marketing are all the same thing. Multinational marketing treats all countries as the world market without designating a particular country as domestic or foreign. As such, a company engaging in multinational marketing is a corporate citizen of the world, whereas international marketing implies the presence of a home base. However, the subtle difference between international marketing and multinational marketing is probably insignificant in terms of strategic implications.
What is difference between money market and foreign exchange market?
Foreign exchange market is a market where foreign exchange currency problems are resolved in international trade. Where as Money market is for the lending and borrowing of short term loans.
What is the international business environment scope?
International business focuses on free trade. The scope of the international business environment is international marketing, global human relations, international finance, international investments and foreign exchange.
What is the difference between foreign banks and international banks?
A foreign bank is one from another country as opposed to a bank from your own country. An intenational bank is one that operates in many different countries. A foreign bank can also be an international bank. A bank from your country can also be an international bank if it operates in other countries too. In those countries it would be regarded as being a foreign bank.
What is the difference between National and International tourism?
National tourism is when a person travels stays within the country and does not need a passport. International tourism requires a passport because you are traveling to a foreign country.
What is the difference between international trade and international finance?
international trade :exchange or business of goods and services across the bordersinternational finance :dependence on foreign countries to fund some activities or support economy
How does international marketing research differ from domestic marketing research?
It differs in many ways such as culture, political, technololigal, economical, foreign currencies etc It differs in many ways such as culture, political, technololigal, economical, foreign currencies etc
What is the difference between foreign and abroad?
I would describe the difference as adjective and noun. If something is foreign, its coming from abroad.
