The document discusses several key aspects of international marketing, including international pricing techniques, factors that affect international pricing decisions, the main elements of an international price structure, and types of international retailing. It provides details on pricing strategies, logistics, benefits and drawbacks of international retailing, and concludes that both US and European retailers are expanding internationally and direct selling firms are most active in emerging growth markets.
Export marketing has two different types of costs:production costs and selling and delivery costs. Factors affecting pricing are international marketing objective, costs, competition, product differentiation, image and government factors. Besides supply conditions, demand and competitive conditions, cost is the other most important factor in export pricing.
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Export marketing has two different types of costs:production costs and selling and delivery costs. Factors affecting pricing are international marketing objective, costs, competition, product differentiation, image and government factors. Besides supply conditions, demand and competitive conditions, cost is the other most important factor in export pricing.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/ZEcPAc
This presentation has information about International pricing methods & factors affecting International pricing & Incoterms used in International trade
International pricing directly impact the success of product in international market.Right pricing strategies and methods of pricing helps in making the brand hit in global market.
International marketing mix: global products and servicesluispachon
International marketing mix: global products and services takes into account what are the characteristics that companies must consider in order to satisfy the local customer's needs.
Method of exporting affects international channel. Exporting can be done in two ways namely direct exporting and indirect exporting. Important foreign intermediaries in the export business include importers, retailers, distributors, wholesalers, government departments, joint ventures and licenses.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/ZEcPAc
International Marketing Management - Product & Pricing DecisionsSOMASUNDARAM T
Products for consumers in global markets: product development; product adaptation; analyzing product components for adaptation; product standardization; marketing of services; product development; quality; products and culture; marketing consumer services globally; brands in international markets; Products and services for businesses: demand in global business to business markets; quality and global standards; business services; trade shows' crucial part of business to business marketing; relationship markets in business to business context
Global pricing framework; pricing basics; marginal cost pricing and its importance; transfer pricing; counter trade; systems pricing; pricing and positioning; price quotation; INCO terms; preparation of quotations.
Environmental influences on pricing decisions are discussed like currency fluctuations, exchange rat clauses, effect of inflation , government policies, competition etc.
What is international distribution system
What is indirect exporting
What is direct export
What are the types of foreign intermediaries
Why the distribution system in the market is influenced by the business environment
What is international logistics
This presentation has information about International pricing methods & factors affecting International pricing & Incoterms used in International trade
International pricing directly impact the success of product in international market.Right pricing strategies and methods of pricing helps in making the brand hit in global market.
International marketing mix: global products and servicesluispachon
International marketing mix: global products and services takes into account what are the characteristics that companies must consider in order to satisfy the local customer's needs.
Method of exporting affects international channel. Exporting can be done in two ways namely direct exporting and indirect exporting. Important foreign intermediaries in the export business include importers, retailers, distributors, wholesalers, government departments, joint ventures and licenses.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/ZEcPAc
International Marketing Management - Product & Pricing DecisionsSOMASUNDARAM T
Products for consumers in global markets: product development; product adaptation; analyzing product components for adaptation; product standardization; marketing of services; product development; quality; products and culture; marketing consumer services globally; brands in international markets; Products and services for businesses: demand in global business to business markets; quality and global standards; business services; trade shows' crucial part of business to business marketing; relationship markets in business to business context
Global pricing framework; pricing basics; marginal cost pricing and its importance; transfer pricing; counter trade; systems pricing; pricing and positioning; price quotation; INCO terms; preparation of quotations.
Environmental influences on pricing decisions are discussed like currency fluctuations, exchange rat clauses, effect of inflation , government policies, competition etc.
What is international distribution system
What is indirect exporting
What is direct export
What are the types of foreign intermediaries
Why the distribution system in the market is influenced by the business environment
What is international logistics
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MARKETING CONCEPTS
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Unit 3 international marketing and intelligenceVipul Kumar
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International Marketing – Nature, comparison with domestic marketing, benefits from international marketing; Major Activities - Market assessment, An overview of product decisions, promotion, decisions, pricing decisions, distribution decisions and product life cycle in international context. Marketing, Research: Information required, sources of information; International Marketing Information System.
This PPT is designed with the objective of giving insights into marketing elements (Product, Price, Place & Promotion) in International Marketing, entry modes, and other related topics.
The other major topics discussed are mentioned below. This PPT is designed with simple words for the benefit of UG and PG students
International Marketing-Motives, Characteristic and advantages, Transitional stages in international Marketing,Management orientation in International Marketing
Global Marketing Information System, International Marketing research, International Marketing Entry Stages
Product Decisions, New Product Development, Geographic Expansions, Strategic Alternatives
International pricing Objectives and strategies, Transfer pricing, International Marketing Channel, Channel Terminology, Physical Distribution and Logistics, Global Advertising and Branding, Public Relation, Personel Selling, Sales Promotion , Direct Marketing, Trade Shows and Exhibitions
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Definition; scope and challenges; difference between international marketing and domestic marketing; the dynamic environment of international trade; transition from domestic to international markets orientation of management and companies; international marketing environment.
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3. Pricing
International Marketing
• A Psychological element valuing product or service.
• Essential that products & services be competitively
priced.
• Fair price reflects the perceived value of the product
in question.
3
4. Parts of International Pricing
International Marketing
1. Pricing decisions.
2. Pricing Policies.
3. Factors affecting international pricing.
4. Price quotations.
5. Dumping
6. Counter trade.
4
5. Pricing Decisions
International Marketing
i. Supply & Demand.
ii. Elasticity or cross Elasticity of Demand.
iii. Exchange Rates.
iv. Market Share.
v. Tariffs and Distribution Costs.
vi. Culture.
vii. Purchasing Power.
5
6. Factors Affecting International
International Marketing
Pricing
1. Cost
2. Competition
3. Product Differentiation.
4. Exchange Rate.
5. Economic conditions of the importing country.
6. Government factors.
6
7. Main Elements of price structure
International Marketing
for export
1. Factory Price
2. Export,Packaging,Marketing & Labeling
3. Transportation from Factory
4. Transport to dock or Airport
5. Port or Airport Charges
6. Documentation and Export duty
1 to 6 FOB Price
7
8. ConTinUed…….
International Marketing
7 .Ocean, Land & Air fright charges
1 to 7=(C&F)
8.Insurance Premium
1 to 8 CIF Price
9.Import Duty
10.Clearing Agent
1 to 10=Landed Cost
8
10. Logistic
International Marketing
Logistics is the
management of the flow
of resources, not only
goods, between the point
of origin and the point of
destination in order to
meet the requirements of
customers or corporations
10
11. Logistic Involves the Integration of
International Marketing
Information
1. Transportation
2. Inventories
3. Warehousing
4. Material Handling
11
12. Main Logistic Target
International Marketing
• Right time
• Right Place
• Right People
12
14. Definition :-
International Marketing
International Retailing :-
All the activities involved in selling products
and services to final international consumers
for their personal consumption.
Domestic Retailing :-
Domestic retailing is the selling of a company
products within a local financial market. It deals with
only one set of competition and economic issues
which make it more convenient to do.
14
15. Types Of International Retailing
International Marketing
International Retailers are classified under two categories:-
1. Global grocery retailers :-Products like food encompassing all types of fresh
vegetables, fruits, juices, chocolates etc. , fashion and clothing including bed linen
etc. , grocery, all types of branded consumables, as well as liquor and many more
household goods under one roof.
Examples:-
Wal-Mart, Carrefour, Metro, Tesco and Ahold etc.
2. International fashion Brands:-emergence of international fashion brands, luxury
product brands dealing exclusively with branded clothing including
sportswear, casual and formal wear, party wear, foot ware and accessories, luxury
items including watches, perfumes, jewellery and many more items of personal
use.
Example:- 15
Ralph Lauren, Gucci, Zara, Hugo Boss, JC Penny, Benetton, Jimmy
Choo, Swarovski, Dolce & Gabbana etc.
16. Comparison between
International and Domestic
International Marketing
Retailing
• Dissimilarity in Currencies
• Difference in legal systems
• Difference in cultures
• Difference in availability of resources
• Internationalizing retail environment
• Use of various sales training techniques
16
17. Factors affecting international
retail expansion, success and
International Marketing
failure
Motives.
Culture.
Human resource management.
17
18. Benefits Of International
Retailing
International Marketing
1. Exponential growth
2. New Markets
3. Favourable Regulations
4. High living standard
5. Increased socio economic welfare
6. Wider market
7. Utilisation of world resources
8. Economies of scale
9. Reduced risks
18
19. Drawbacks Of International
Retailing
International Marketing
1. Poor trading performance – sales, profits, market share
2. Customer attitudes to the brand and shopping behaviour
3. Closure of shops
4. Neglect and lack of investment
5. High staff turnover
6. Changing methods of operation (e.g. from own shops to franchise)
7. Exit from the market
19
20. Conclusion
International Marketing
1) Both U.S. & European retailers expanding internationally.
2) Consolidation & acquisition among retailers.
3) Direct selling firms are most active in the growth markets.
4) Network marketing is growing rapidly, especially in emerging markets.
20