19. Business Challenges in Developing
Countries
• Financial challenges- high cost of communicating with markets
because infrastructure and communication channels are limited.
• Type of product- smaller quantities and cheaper, basic packaging to
make products affordable.
• Socio-cultural values- organisations must make an effort to
understand and acknowledge different socio-cultural values when
marketing to developing countries.
• Political climate- unstable political circumstances are a reality in many
developing countries and have a direct impact on the marketing attempts
of organisations.
• Legal restrictions- law and regulations governing minimum standards,
product packaging and labelling, among others, vary extensively and
marketers must make sure they are up to date with the latest facts in this
regard.
• Competition and trading blocs- marketing efforts of organisations in
developing countries have to compete with their counterparts from
developed countries.
42. DATECO NFIRM, via Stude nt
Po rtal
TIME: CO NFIRM, via Stude nt
Po rtal
VENUES: CO NFIRM, via Stude nt
Po rtal
WHATTOSTUDY:
Units 1-18
100 Marks- 3 hours
EXPECT: Case study- APPLY
Read carefully
Bring Student Cards
43. EXAMLAYOUT
Main Mid- YearExamination
Case study- 4 pages
All questions linked to the case study. Know your
theory and how to apply it!
Additional Mid-YearExamination
Case study- 4 pages
All questions linked to the case study. Know your
theory and how to apply it!
TOTAL: 100
44. UNIT TOTAL
Marks
1 4
2 3
3 0
4 9
5 0
6 17
7 2
8 4
9 6
Main Mid-Year Examination
Unit-By-Unit Mark Allocation
UNIT TOTAL
Marks
10 10
11 0
12 4
13 14
14 6
15 5
16 3
17 3
18 10
45. UNIT TOTAL
Marks
1 2
2 10
3 6
4 7
5 9
6 11
7 11
8 8
9 4
Additional Mid-Year Examination
Unit-By-Unit Mark Allocation
UNIT TOTAL
Marks
10 9
11 6
12 0
13 5
14 0
15 5
16 4
17 0
18 3
46. REVIEW:
- past test papers:
2013, 2014 and 2015
- class activities,
group assignment and feedback
PRACTICE CASE STUDY APPLICATION!
Editor's Notes
Brazil Favelas
9 GAG- SA expectations vs. reality
Ask why it may not be as easy as it seems
Roads and Infrastructure in Vietnam
Developed Countries Marketing
Coca-Cola Miners- Developing Countries
Relationship policies and practices
important to adopt policies and procedures that draw on each partner’s strength.
Trust
it exists when one party has confidence in an exchange partner’s honesty, reliability and integrity.
Relationship commitment
commitment can effectively indicate and differentiate successful relationships from unsuccessful ones.
Mutual cooperation
every relationship requires common understanding and mutual support to perform optimally.
Relationship satisfaction
satisfaction is based on the notion that relational success is determined by how well the relationship achieves the expected performance levels from the predetermined set of goals and objectives of both parties involved.