ENTREPRENEURIAL PLANNING
MARKETING PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is a key component of international marketing strategy?
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Standardization
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Localization
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Product differentiation
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Limited distribution
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Explanation:
Detailed explanation-1: -It’s about understanding the target market and adapting your message to resonate with them on a cultural level. This includes everything from developing new taglines and slogans to creating entirely new ad campaigns specifically for the target market.
Detailed explanation-2: -The marketing mix, also known as the four P’s of marketing, refers to the four key elements of a marketing strategy: product, price, place and promotion.
Detailed explanation-3: -Research. Infrastructure. Product localization. Marketing localization. Communications. Inbound marketing. Outbound marketing.
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