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Global Marketing
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Currency Fluctuations
The impact of changes in exchange rates on pricing, revenues, and costs in international markets.
Social and Mobile Marketing
The techniques and strategies used to reach consumers through social media and mobile devices on a global scale.
Digital Global Marketing
The use of digital channels to market products and services to consumers worldwide.
International Trade Agreements
Treaties between two or more nations that outline the terms and conditions of trade between them.
International Market Entry Strategies
Methods that businesses employ to enter foreign markets, such as exporting, franchising, licensing, or direct investment.
Cross-Cultural Communication
The practice of recognizing and adapting to cultural differences in the way people communicate.
International Marketing Mix
The adaptation of product, price, place, and promotion elements to suit international markets.
Environmental Scanning
The process of continually acquiring information on events occurring outside a company to identify trends, opportunities, and threats to business.
Global Pricing Strategies
Approaches to setting prices for products or services on an international scale.
Country of Origin Effect
The influence that the country of manufacture, assembly, or design has on a consumer’s positive or negative perception of a product.
International Marketing Ethics
The moral principles that guide marketing decisions and strategies in a global context.
Cultural Sensitivity
The awareness and respectful consideration of cultural differences in marketing practices.
Global Distribution Strategies
The methods used to get a product from the manufacturer to the consumer in an international context.
Economic Integration
The level of barriers to trade, capital movements, and labor between countries in regions such as the EU or NAFTA.
Localization vs. Standardization
The decision between adapting marketing to fit local cultures or keeping it uniform across all markets.
Supply Chain Management
The oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer.
Grey Markets
Trade of legal goods through unauthorized, unofficial, and unintended channels of distribution.
Export Marketing
The sale of products or services to customers in foreign countries, with the products being shipped from the home country.
Global Market Positioning
Creating a unique, value-based position in the minds of consumers across different international markets.
International Marketing Research
The process of gathering and analyzing data to make informed marketing decisions in an international context.
Market Diversification
A risk-reduction strategy that involves entering multiple markets to spread out potential risks.
Global Branding
The strategy of maintaining brand consistency across countries while making adjustments for local markets.
Global Consumer Segmentation
The practice of dividing a company's target market into approachable groups based on cultural or demographic factors.
Adaptation in International Marketing
The modifications made to products, services and marketing strategies to fit the needs of different international markets.
Political and Legal Considerations
Assessment of political stability, regulatory environment, and legal systems in target international markets.
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