marketers need to understand the environment of a country from two perspectives: the overall level of development of a country and the current stage of its business cycle

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19-12-2022
Business

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marketers need to understand the environment of a country from two perspectives: the overall level of development of a country and the current stage of its business cycle

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kjuli1766 kjuli1766 · Answer 1 · 2022-12-22T02:02:50-05:00

Marketers need to understand the economic environment of a country from two perspectives the overall level of development of a country and the current stage of its business cycle.

When marketing is cross-border, decisions must take into account differences in the marketing environment and the unique needs of customers in other countries. International marketing efforts relate to the company's goals and recognition of opportunities to serve foreign markets.

These countries have a large number of consumers who are not yet wealthy but are rapidly becoming economically prosperous. Marketers know what habits are normal and expected. Tell marketers what your company cares about. Tell marketers what the icon represents. Thorough knowledge of the marketing environment helps marketers identify and predict what customers actually want.

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rafikiedu18 rafikiedu18 · Answer 2 · 2022-12-22T02:51:05-05:00

Marketers need to understand the environment of a country: the current stage of its business cycle. the general level of improvement of a country and the contemporary level of its commercial enterprise cycle.

Phases of an enterprise cycle prosperity growth: this segment is likewise known as prosperity or peak. all through this phase growth degree is most. income, demand, investments, and income are high. Recession: This segment comes after the section of the increase whilst monetary sports have reached the highest level it is then followed with the aid of a slowdown.

Many commercial enterprise owners use this stock method to boom efficiency and decrease waste by means of best-receiving goods as they want them for the manufacturing system (for this reason simply in time), which reduces inventory stock expenses. This approach, therefore, calls for producers to forecast demand as it should be to be powerful. The five principal traits of a marketing strategy you need to keep in mind are to include clear information approximately your product or service, the market, and opposition, unique, era use, and feedback that is obtained and used via your developing levels.

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