International marketing refers to a firm marketing its products in countries other than its own. Internally Exporting Direct investment E-commerce Externally Joint ventures Strategic alliances Franchising Mergers Acquisitions More customers Economies of scale Better brand awareness & recognition Spreading risks Prolonging the product life cycle More profit Cultural issues Legal issues Political issues Social and demographic issues Economic issues Do the above factors present opportunities? Or threats? Or both…? Outline what is meant by the term ‘international marketing’ Describe three strategies that a firm could use to enter an international market Brainstorm some of the disadvantages associated with international marketing. Tabulate your results. Construct a mind map highlighting the issues surrounding international marketing Complete Questions 4.7.1(pg 589) & 4.7.4 (pg (595) in your workbook using full sentences.
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