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In the seventeenth and eighteenth centuries, the primary goal of mercantilism as practiced by European countries was to expand the supply of gold and silver by approving balance trading. Mercantilism is an economic nationalism that promotes to in creating a wealthy and powerful state.
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Causes: 1) Great Britain issued trade restrictions meant to disrupt trade between the U.S. and France.
2) Great Britain provided support and weapons to Native Americans to attack American settlers.
3) GB controlled Canadian regions and Americans wanted to expand territory.
4) GB forced Americans on vessels into the British military and were considered subjects of the King.
5) GB refused to surrender western forts even though they promised to do so in the Treaty of Paris after the Revolutionary War.
(America declared war on Great Britain)
Effects: 1) The Federalist party declined because they did not support war with Great Britain.
2) British colonies/settlements remained in Canada and prevented the possibility of Americans pursuing Canadian territories.
3) Americans became more nationalist and united during the war.
4) James Monroe created a foreign policy for America called the Monroe Doctrine after the War of 1812.
Core marketing activities involve customer research, product development, communication, distribution, pricing, and service.
Marketing activities involve all those activities that are carried out from searching for the customer to the goods reaching the hands of the customer. Even after the goods reach the customer the marketing activity does not stop. The marketing activity involves even providing service to the customer which is known as after-sale service.
The first step of marketing goods is searching for the customer who will buy the goods from us. So this involves doing research on the customers. After the research is carried out the product needs to be developed according to the needs of the customer. During and after the product is ready for marketing communication needs to be carried out with the customer.
After the goods are ready to be delivered the distribution process needs to be studied. The distribution process is the process of how the goods are going to reach the hands of the customer. After analyzing how the goods will be sold to the customers the pricing of the goods need to be analyzed and collected from the customers.
After the goods are sold after-sale service forms a major part of the marketing activities so that the customer comes back to us and not our competitors.
Learn more about marketing activities here:
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