Suppose that you are a manufacturer of high-tech hardware based in Texas and you need to export to Taiwan. As new exporter, after your analysis of the different international distribution strategies, say what is the best and adapted strategy is for your company. Justify your answers?

Suppose that you are a manufacturer of high-tech hardware based in Texas and you need to export to Taiwan. As new exporter, after your analysis of the different international distribution strategies, say what is the best and adapted strategy is for your company. Justify your answers?

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

See similar textbooks

Related questions

Q: Mr. Chen approached your consulting firm for advice regarding international expansion. His hotels…

A: International business is the process or technique through which a company spreads its operations…

Q: What mode of entry could a company follow if it has no previous experience in global marketing?

A: The global marketing concept is the overarching marketing framework that a multinational company…

Q: What are the rules followed for exporting to international markets?

A: Global marketing has the perspective of localisation which ensures having local needs to be…

Q: Direct export mode occurs when the manufacturer uses independent organizations located in the others…

A: Direct exporting involves exporting directly to a customer interested in buying your product without…

Q: When thinking about expanding into foreign markets a business must make three basic decisions: which…

A: Licensing proprietary technology is the legal process that allows another party, who is known as the…

Q: What is the historical and current trade relationship between India and the United States. Describe…

A: In 2019, in general U.S.- India bilateral trade in labor and products came to $149 billion. U.S.…

Q: What is the two specific strategies that are available to minimize the duty assessment you will…

A: Business strategy can be defined as the strategy which is developed by the top management of the…

Q: "All commercial transactions between two or more countries, including sales, investments, and…

A: International business management refers to the operational, transactional, and strategic activities…

Q: Define the term export broker?

A: A person or business that, in exchange for payment, connects buyers and sellers but refrains from…

Q: entering

A: Talking about the various entry processes then, entry of the new competitors will be there in the…

Q: Discuss how companies manage their international marketing activities?

A: Marketing can be explained as activities that the company undertakes to promote market and sell its…

Q: There are a few entry modes for a company to enter the global market such as exporting, acquisition,…

A: Many years back, the organizations were indulged in buying and selling. Slowly, the procedures of…

Q: Please answer honestly and using your own sentences. Briefly discuss why the understanding of…

A: International trade takes place between the two countries when they start their business of…

Q: describe the advantages and disadvantages of the approaches to international marketing entry…

A: Global marketing is the beginning, center, and end of how a business organizes, plans, opinions, and…

Q: What is the buyer for export?

A: International business refers to doing business transactions overseas. The trend of international…

Q: There are many Modes of entry for international Business. Discuss the advantage and disadvantages of…

A: Modes of entry for International Business with the advantages and disadvantages of each of these:…

Q: discuss any 2 criteria used for screening any new ideas by an exporting company?

A: Below is the solution:-

Q: What is an export broker?

A: Many people who are considering buying or selling a business are unsure about the role of a business…

Q: The five modes of entry are exporting, licensing arrangements, partnering and strategic alliances,…

A: A green-field venture is said to be a kind of business investment in which a parent organization…

Q: Explain and describe each of the trade barriers you find in China?

A: Below is the solution:-

Q: With examples discuss the reasons for unfavourable terms of trade in developing countries.

A: unfavorable balance of trade is when there is a difference between the country's exports and…

Q: Explain the importance of international trade ?

A: Trade is an important component for prosperity, economic growth, provision of good jobs, raising the…

Q: Define Outsourcing and the three common market entry strategies exporting licensing and direct…

A: Outsourcing is an agreement in which one company contracts another company to be accountable for a…

Q: What is trade? Explain the importance of international trade? Is the Philippine government have a…

A: Trade The movement of commodities and goods from one individual or organization to another,…

Q: Your company is considering exporting its products to Egypt. Yet, management’s current knowledge of…

A: Egypt has the potential to be a high growth market due to its big population and import-dependent…

Q: What are the three alternatives for first-time exporters toreach foreign customers?

A: "Marketing on a global scale reconciling or taking economic advantage of global operational…

Q: international

A: International trade: A country's exchange of products and services is referred to as international…

Q: Briefly define International Business in your own words and clearly outline the ways in which it…

A: A business can be defined as an organization or a company that engages in professional activities.…

Q: Explain the steps and procedure to follow for a good export plan for a good product or service from…

A: The answer is as follows:

Q: What are three ways Japan has won or lost with International Trade. Cite your sources

A: Meaning of international trade;- International trade refers to exchange of goods, services and…

Q: recommend the most appropriate expansion strategy for a logistics company to enter into a Caribbean…

A: The strategy is the set of different activities that helps to achieve the organizational goal.

Q: Provide at least two (2) examples/case studies of international modes of entry utilized by…

A: The global marketplace offers opportunities and challenges for multinational corporations (MNCs)…

Q: Identify information sources and government programs that exist to help exporters. Please cite your…

A: Exporters in every business need assistance in order to carry out operations in standard format.

Q: If your companies import Cements to Vietnam, what are the documents you need to request your…

A: The Goods to be imported or exported are subject to the relevant customs clearance standards, which…

Q: what are the reasons to choose a DIRECT export entry strategy ( standard exporting) ?

A: The company must, therefore, be careful in evaluating its broad strategy of market entry in…

Q: Direct exporting means company has its own import department. Select one: O True O False

A: Direct Exporting means products can be directly exported to a customer. The manufacturer is the…

Q: What are the advantages of a letter of credit to an exporter?

A: The term exporting means selling products or services in the foreign market that are originally…

Q: Tesco relies heavily on, ‘localization’ in Japan. Based on the international business strategies…

A: In this question, we are discussing the international business strategy that Tesco is utilizing in…

Q: explain what is wrong with the following statement: "trade is self-eliminating. Opening up trade…

A: The exchange of products and services between two nations on the global market is known as foreign…

Q: Please explain why Lack of marketing strategy for international business can effect your company.

A: Companies in order to expand their business in global markets adopt various strategies. The…

Q: What are the impact of import limits on trade in general?

A: The import nation erects a series of tariff or non-tariff barriers to restrict the importation of…

Q: Engagement in terms of trad

A: Trading organisation buys goods and materials from different manufacturers or from numerous…

Question

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

manufactured products in the caribbean with absolutely no export / international presence
The New trade theory suggests that the ability of firms to gain economies of scale has shown significant implications for international trade. Trade is mutually beneficial because it allows for the specialisation of production in specific locations where final products are produced. Critique the new international trade theory propositions and ways in which this situation would be improved? What are the major problems this arrangement poses to the generation and movement of raw materials and finished products?
International Business: What costs are associated with making sure that your business partner in a licensing agreement doesn't cheat or take advantage of you are known as what "costs" in internalization theory?
Describe the concept of Export Management Company (EMC) in your country.
What is export trading, and how does it differ from other types of International trade?
How can a company choose the most suitable mode of entry into a foreign market?
Summarize by identifying 5 lessons you have learned about international marketing from Netflix’s experience.
Which mode of entry would be suitable for a Caribbean country with little money hoping to enter the United States of America? a. Acquisition b. Establishing a new subsidiary c. Exporting d. Partnerships
What are the advantages and disadvantages of the most appropriate means of transport assuming that a new company wishes to sell to the East African market.
International trade improves overall economy of all the participating countries. Do you think this statement is correct. Write a paragraph to support your argument ?
Advantages and disadvantages of using exporting strategy.
Why is it important for the government to intervene in the international operations of businesses, both foreign and local, of the host country ? Illustrate your answer and provide concrete example.