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Disadvantages Of Asa's Definitions Of Global Marketing

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• • ASA’s definition of marketing: Marketing is the process of planning and executing the conception, pricing, promotion and distribution of ideas, goods, and services to create exchanges that satisfy individual and organisational objectives.
• Global Marketing Defined:
Marketing, on a worldwide scale takes commercial advantage of global operational differences, similarities and opportunities in order to meet global objectives in Global Marketing. In other words Global Marketing is the overall combined performance of marketing activities to create exchanges of goods, services and ideas across countries that satisfy individual, organisational and societal objectives.
Global Marketing has many advantages but on the other hand it has some disadvantages too.
The main advantages of Global Marketing:
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They are easier to market in a standardized way than other products because there are no traditional cultural values attached to their meanings.
2. Price: Price will always vary from market to market. Price is affected by many variables: cost of product development (produced locally or imported), cost of ingredients, cost of delivery (transportation, tariffs, etc.), and much more. Additionally, the product’s position in relation to the competition influences the ultimate profit margin. Whether this product is considered the high-end, expensive choice, the economical, low-cost choice, or something in-between helps determine the price point.
3. Place: How the product is distributed is also a country-by-country decision influenced by how the competition is being offered to the target market. Using Coca-Cola as an example again, not all cultures use vending machines. In the United States, beverages are sold by the pallet via warehouse stores. In India, this is not an option. Placement decisions must also consider the product’s position in the market

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