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MARKETING
STRATEGY
MUDASSIR RAZA
Key takeaways:
Things to discuss:
Importance of the marketing mix in influencing consumer decisions
Recommending & Justifying a Marketing Strategy
Legal controls on Marketing
Growth potential of new markets in other countries
Marketing
Strategy
A marketing strategy is a plan to
combine the right combination of
the 4 elements of the marketing mix
for a product or service to achieve a
particular marketing marketing
objectives.
Importance of the marketing mix in influencing
consumer decisions
Recommending & Justifying a
Marketing Strategy
Marketing Budget02
Marketing Objective01 Target Market03
04 Balanced Marketing Mix
Legal Controls on Marketing
Weights and Measures
Trade Description
Sale of Goods
Supply of Goods and Services Act
Pricing Claims
The Consumer Contracts Regulations
Growth Potential of New
Markets In Other Countries
W
Higher Sales
Wider Choice of Location
Trade Barriers
Opportunities
Lack of Knowledge
Cultural Differences
Exchange Rate Changes
Import Restrictions
Increased risk of non-payment
Increased transport cost
Problems of entering
foreign markets
Methods to overcome the problems of entering
new markets abroad
Joint Ventures
Licensing
International Franchising
Localising Existing Brands
W
Thankyou

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Marketing Strategy

  • 2. Key takeaways: Things to discuss: Importance of the marketing mix in influencing consumer decisions Recommending & Justifying a Marketing Strategy Legal controls on Marketing Growth potential of new markets in other countries
  • 3. Marketing Strategy A marketing strategy is a plan to combine the right combination of the 4 elements of the marketing mix for a product or service to achieve a particular marketing marketing objectives.
  • 4. Importance of the marketing mix in influencing consumer decisions
  • 5. Recommending & Justifying a Marketing Strategy Marketing Budget02 Marketing Objective01 Target Market03 04 Balanced Marketing Mix
  • 6. Legal Controls on Marketing Weights and Measures Trade Description Sale of Goods Supply of Goods and Services Act Pricing Claims The Consumer Contracts Regulations
  • 7. Growth Potential of New Markets In Other Countries W
  • 8. Higher Sales Wider Choice of Location Trade Barriers Opportunities Lack of Knowledge Cultural Differences Exchange Rate Changes Import Restrictions Increased risk of non-payment Increased transport cost Problems of entering foreign markets
  • 9. Methods to overcome the problems of entering new markets abroad Joint Ventures Licensing International Franchising Localising Existing Brands