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20 q3what are the differences between marketing in a
1.
What are the
differences between marketing in a developing and a developed market?
2.
Population distribution Developed countries Less
developed 80% 20% Developing+ Least developed
3.
Unmet needs of
the developing world represent huge potential markets for food, clothing, shelter, consumer electronics, appliances and many other goods.
4.
Successfully entering developing markets
requires a special set of skills and plans . Selling in developing areas can’t be “business as usual.”
5.
Economic and cultural
differences abound, a marketing infrastructure may barely exist, and local competition can be surprisingly stiff.
6.
Product innovation has
become a two way street between developing and developed markets.
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