The international planning process is a measure used by companies that wish to expand their businesses to other countries. After the first stage of analyzing and screening the new market, the consumer products company should move to the next phase which is;
- Evaluating the marketing mix to target markets.
There are 4 phases in the international planning process which include; analysis and screening, adoption of the correct market mix, development of a marketing plan, and implementation/control.
For the consumer products company above that has established the screening criteria, they must ensure that they adopt the right market mix that will suit the organization.
This means that the product, place, price, and promotion should be right.
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Answer:
capability of coordinating highly complex tasks while paving way for specialized division of labor.
The correct answer is He should complete the repairs and sell the boat for $900
Deshawn has spent $600 purchasing and repairing an old fishing boat, which he expects to sell for $900 once the repairs are complete. Deshawn discovers that, in addition to the $600 he has already spent, he needs to make an additional repair, which will cost another $400, in order to make the boat worth $900 to potential buyers. He should complete the repairs and sell the boat for $900.
Answer:
Earning Satisfactory Profits
Explanation:
Based on the information provided within the qeustion it seems that the management of Fresnas Designs Inc. bases its pricing policy on Earning Satisfactory Profits. This is basically when a company revolves all their decisions around trying to make a reasonable level of profits that is consistent with the level of risk that they face. Which is what Fresnas is doing by pricing their products reasonably as opposed to pricing them higher even thought hey can.
<span>Either using its low-cost edge to underprice competitors and attract price sensitive buyers in large enough numbers to increase total profits or else by refraining from price-cutting and using the low-cost advantage to earn a bigger profit margin on each unit sold.</span>
