The purpose of the assignment is to select a market

The purpose of the assignment is to select a market that fits your product as you go international
with it, and decide what marketing strategies to follow.
Step #1.  Product Selection. Select a product that you want to sell internationally.  It can be a
product from your place of work, or any product that you are knowledgeable or interested about.  
Try selecting a product that is currently only sold in the United States and that you can envision
selling in another country.   
Step #2. Country Selection (10 points). Select a market based on your market screening.  Following
the steps for market screenings for a country that you read about in chapter 12, explain what
factors would be important in your market (country) screening.  Go through each of the first four
steps in the screening process and describe what kind of criteria would be desirable for your
product in terms of: Basic needs potential, Financial and economic forces, political and legal forces,
and cultural forces.
Step #3. Select a mode of entry (10 points).  Review the advantages and challenges of the different
modes of entry and select the most appropriate for your type of product and country you selected.
Explain why you are choosing that mode of entry over others.
Step #4.  Marketing Strategies.  Based on the information above, and your knowledge of the
product, explain how you would modify the product so that it fits better in the new market.  You
should focus on the following marketing strategies:
A. PRODUCT (10 points) – How or what would you change about the product to better fit this
new market?  Explain your answer.
B. PROMOTION (10 points) –
I. Would you use the same message to promote your product or would you change
it? What would be the new message intention or theme?    Explain.
II. What form of promotion would work best for the type of product and new market
conditions? Select only one of the following and explain why you are selecting it:

advertising, personal selling, sales promotion (discounts, coupons…), or public
relations.  (hint: review the advantages and disadvantages of each type of
promotion and see which one fits your product best)
C. PRICE (5 points) – what would be the best pricing strategy to follow and why?
D. PLACE (Distribution) (5 points) – can you use a similar approach to getting the product to
your customer as it is used in the U.S.A. or do you want to modify the distribution of the
product. Do some research of the new country’s infrastructure and availability of channels
of distribution?  Explain your decision/answer.
Grading Rubric: See the point distribution for each question for a total of 50 points.  The quality of your
answer will be awarded points according to the scale in this rubric. 

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

E: Discussion Week OneCOLLAPSE Hello Barbara! Good post! I am

 E: Discussion Week OneCOLLAPSE Hello Barbara! Good post! I am confused, though. I am not sure that you are remaining within the scenario presented in the course. You cannot deviate, and you must use the scenario provided in the course narrative. Please make sure you are doing so. Dr. last

The authors of your texts provide information on the various

 The authors of your texts provide information on the various world views and sociocultural perspectives and provide discussions on a biblically-based model of authentic sexuality. For this discussion, describe the various world views and cultural perspectives present in today’s western culture related to sexuality. Contrast those with a biblical model

Use of prednisone in childhood severe asthma. Metformin and lactic

   Use of prednisone in childhood severe asthma. Metformin and lactic acidosis. Congestive heart failure therapy with a diuretic medication. Immunization schedule in childhood. Type 2 diabetes mellitus and bile acid sequestrant. Urge incontinence, or overactive bladder diagnoses and management. Implications and regulations related to transitioning NP programs to the

Pick an industry/company to focus on for this assignment. Based

Pick an industry/company to focus on for this assignment.  Based upon the given information you can find on the company and any past issues/breaches the company has gone through, create Crisis Management Plan   Introduction – brief background of company and any issues the company has had in the past

Primary Task Response: Within the Discussion Board area, respond to

Primary Task Response: Within the Discussion Board area, respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.  Big D Incorporated is nearing completion of its portfolio

The concept of critical criminology has been prevalent among criminologists

The concept of critical criminology has been prevalent among criminologists for decades. A derivative of Marxist Theory, the primary focus of conflict criminology is the disparities linked to economic, social, and political affiliation. Chapter 8 in your primary textbook and the Karl Marx & conflict theory (Links to an external site.) video discuss

Monitoring a marketing strategy from start to finish helps you

  Monitoring a marketing strategy from start to finish helps you assess a marketing plan and its effectiveness. You are a regional marketing director of a theme park responsible for creating a customizable template for strategic marketing. This template can be used across all parks. Now, to identify continuous improvement

(Western architecture 1650 – 1900 AD

Mid term paper. For this you are required to choose a building from the first half of the semester (Western architecture 1650 – 1900 AD) and imagine that you are its architect/designer and that you are writing a letter to your patron/client which will accompany a plan and model of

Analyze the potential financial impacts of hiring a new health

• Competency 3: Apply best practices relative to the financial assessments and decisions required for the implementation of health information systems. (L 8.1, 8.2, 8.4) o Analyze the potential financial impacts of hiring a new health information professional. • Competency 4: Apply evidence to influence buy-in from all stakeholders. (L10.5)

➢Part 2 –Segment(s) (about 1-2 pages)Provide the characteristics of one

➢Part 2 –Segment(s) (about 1-2 pages)Provide  the characteristics of one  segment  which is your focus in this new entry  market –which group of customers   will   you   target?   You   need   to   introduce   the   segment   giving   demographic,   behavioral, psychographic,and geographical features; communication preferences should be mentioned; it is advisable to interview 1-3

NEED WITHIN 8 HOURS!!! Teachers are cognizant of how students

NEED WITHIN 8 HOURS!!! Teachers are cognizant of how students grow and develop. They recognize that patterns of learning and development vary individually within and across the cognitive, linguistic, social, emotional, and physical areas. Therefore, teachers need to be able to design and implement developmentally appropriate and challenging learning experiences

For this short paper, you will imagine that you have

Premium Paper Help is a professional writing service that provides original papers. Our products include academic papers of varying complexity and other personalized services, along with research materials for assistance purposes only. All the materials from our website should be used with proper references.

Upload the Neth.CSV data file to google colab. Estimate a

Upload the Neth.CSV data file to google colab. Estimate a linear regression model of number of weekly trips per household as a function of the remaining variables (to the extent possible). In the final model identify which variables contribute to an increase in number of weekly trips and which variables

please follow the format and information before working on this

please follow the format and information before working on this assignment. I have attached a file. there are 3 questions but i only need to do number 3.    3. Based on the reading of the case (e.g., quality control issues), Johnson & Johnson’s  corporate level strategy (point #1), and

Answer the following questions as if you are a college

Answer the following questions as if you are a college student on work experience and your major is Finance.  your placement was as a Senior Administrative Officer.    1. Skills, Knowledge, and Competence 2. Knowledge Base and Personal Skill Set 3. New knowledge and skills relevant to my academic studies

You are required to submit a two-page APA style summary

You are required to submit a two-page APA style summary of a journal article on:  The Advantages Cloud Computing. You are required to use IGU’s learning resources such as university’s digital library and online resources and confirm your use of these resources with your instructor. (see “LRS” section in your