Globalization and the reason it is important for marketers to understand its consequences.

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Answer 1

Question

Chapter 8, Problem 1MA

Summary Introduction

To discuss: Globalization and the reason it is important for marketers to understand its consequences.

Expert Solution & Answer

Explanation of Solution

Globalization is the process of by which goods, capital, services or information and the ideas which flows across the national borders and it helps to remove the cross border trade barriers. It allows the goods and services or ideas to move efficiently around the globe. Which in turn, facilitates the quick delivery of services or goods to better meet the needs and wants of the global consumers.

Globalization helps various consumers to easy access of variety of global products and services. In addition it is also important for the organizations to identify the new growth opportunities for production as well as the expanding the business throughout the globe.

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Students have asked these similar questions

What is a good response to this statement? Hi Class, The global company that I believe does an excellent job of marketing is Salesforce. According to Salesforce, the International Data Corporation (IDC) ranked Salesforce as the #1 CRM vendor worldwide. (Salesforce, 2024) Every business relies on a CRM to manage its contact data, specifically, the contact information so that sales and marketing teams can communicate with the customers, prospects, vendors, partners, affiliates, and any other contact that conducts business with the company. CRM systems are the lifeline of the sales team. I believe the success of Salesforce’s marketing strategy lies in their ability to become experts of their buyers—the buyer's needs and challenges, buying drivers, social and economic drivers, and trial-to-product adoption strategies. Salesforce is constantly innovating its platform to stay ahead of competitors. The company also leverages strategic acquisitions such as Tableau and Slack to propel growth…

What is a good response to this post? Hi Class, The global company that I believe does an excellent job of marketing is Salesforce. According to Salesforce, the International Data Corporation (IDC) ranked Salesforce as the #1 CRM vendor worldwide. (Salesforce, 2024) Every business relies on a CRM to manage its contact data, specifically, the contact information so that sales and marketing teams can communicate with the customers, prospects, vendors, partners, affiliates, and any other contact that conducts business with the company. CRM systems are the lifeline of the sales team. I believe the success of Salesforce’s marketing strategy lies in their ability to become experts of their buyers—the buyer's needs and challenges, buying drivers, social and economic drivers, and trial-to-product adoption strategies. Salesforce is constantly innovating its platform to stay ahead of competitors. The company also leverages strategic acquisitions such as Tableau and Slack to propel growth and…

What is a good response to this post? The company I choose for this discussion is Canon. Canon is the leader in global imaging, and they are known for their innovative cameras and high-quality products. Canon caters to various markets, and they are known worldwide to be the best imaging solutions brand in the world. Canon is the perfect example of effective international marketing strategies. Canons marketing strategy is mainly driven on their focus of innovation and technology. There new Canon R1 is labeled “ahead of the Game” and no other camera on the market comes close to what this camera offers. Their products have continued to prove that they will meet the demands of every photographer and videographer across the world. Canon has continuously stayed ahead of all of its competitors like Nikon and Sony and has maintained the number one position in the market. Canon also leverages digital marketing such as social media to enhance its brand awareness. They have used social media…

Answer 2

Question

Chapter 8, Problem 1MA

Summary Introduction

To discuss: Globalization and the reason it is important for marketers to understand its consequences.

Expert Solution & Answer

Explanation of Solution

Globalization is the process of by which goods, capital, services or information and the ideas which flows across the national borders and it helps to remove the cross border trade barriers. It allows the goods and services or ideas to move efficiently around the globe. Which in turn, facilitates the quick delivery of services or goods to better meet the needs and wants of the global consumers.

Globalization helps various consumers to easy access of variety of global products and services. In addition it is also important for the organizations to identify the new growth opportunities for production as well as the expanding the business throughout the globe.

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Answer 3

Question

Chapter 8, Problem 1MA

Summary Introduction

To discuss: Globalization and the reason it is important for marketers to understand its consequences.

Expert Solution & Answer

Explanation of Solution

Globalization is the process of by which goods, capital, services or information and the ideas which flows across the national borders and it helps to remove the cross border trade barriers. It allows the goods and services or ideas to move efficiently around the globe. Which in turn, facilitates the quick delivery of services or goods to better meet the needs and wants of the global consumers.

Globalization helps various consumers to easy access of variety of global products and services. In addition it is also important for the organizations to identify the new growth opportunities for production as well as the expanding the business throughout the globe.

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Answer 4

Question

Chapter 8, Problem 1MA

Summary Introduction

To discuss: Globalization and the reason it is important for marketers to understand its consequences.

Expert Solution & Answer

Explanation of Solution

Globalization is the process of by which goods, capital, services or information and the ideas which flows across the national borders and it helps to remove the cross border trade barriers. It allows the goods and services or ideas to move efficiently around the globe. Which in turn, facilitates the quick delivery of services or goods to better meet the needs and wants of the global consumers.

Globalization helps various consumers to easy access of variety of global products and services. In addition it is also important for the organizations to identify the new growth opportunities for production as well as the expanding the business throughout the globe.

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Answer 5

Chapter 8, Problem 1MA

Summary Introduction

To discuss: Globalization and the reason it is important for marketers to understand its consequences.

Expert Solution & Answer

Explanation of Solution

Globalization is the process of by which goods, capital, services or information and the ideas which flows across the national borders and it helps to remove the cross border trade barriers. It allows the goods and services or ideas to move efficiently around the globe. Which in turn, facilitates the quick delivery of services or goods to better meet the needs and wants of the global consumers.

Globalization helps various consumers to easy access of variety of global products and services. In addition it is also important for the organizations to identify the new growth opportunities for production as well as the expanding the business throughout the globe.

Answer 6

Chapter 8, Problem 1MA

Summary Introduction

To discuss: Globalization and the reason it is important for marketers to understand its consequences.

Expert Solution & Answer

Explanation of Solution

Globalization is the process of by which goods, capital, services or information and the ideas which flows across the national borders and it helps to remove the cross border trade barriers. It allows the goods and services or ideas to move efficiently around the globe. Which in turn, facilitates the quick delivery of services or goods to better meet the needs and wants of the global consumers.

Globalization helps various consumers to easy access of variety of global products and services. In addition it is also important for the organizations to identify the new growth opportunities for production as well as the expanding the business throughout the globe.

Answer 7

Chapter 8, Problem 1MA

Summary Introduction

To discuss: Globalization and the reason it is important for marketers to understand its consequences.

Answer 8

Expert Solution & Answer

Explanation of Solution

Globalization is the process of by which goods, capital, services or information and the ideas which flows across the national borders and it helps to remove the cross border trade barriers. It allows the goods and services or ideas to move efficiently around the globe. Which in turn, facilitates the quick delivery of services or goods to better meet the needs and wants of the global consumers.

Globalization helps various consumers to easy access of variety of global products and services. In addition it is also important for the organizations to identify the new growth opportunities for production as well as the expanding the business throughout the globe.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Ch. 8.2 - Prob. 1PC Ch. 8.2 - Prob. 2PC Ch. 8.2 - Prob. 3PC Ch. 8.2 - Prob. 4PC Ch. 8.3 - Prob. 1PC Ch. 8.3 - Prob. 2PC Ch. 8.4 - Prob. 1PC Ch. 8.4 - Prob. 2PC Ch. 8 - Prob. 1MA Ch. 8 - Prob. 2MA

Globalization and the reason it is important for marketers to understand its consequences.

To discuss: Globalization and the reason it is important for marketers to understand its consequences.

Explanation of Solution

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