Question

If you were to introduce a new product today to Global Markets, what decisions need to...

If you were to introduce a new product today to Global Markets, what decisions need to be made?

Business   Operations-Management   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Following decisions we have to make if we want to introduce a new product to Global Markets:

  • Prepare well before launching the product. Keep the buzz about the product long before the launch and continue sharing latest info even after the launch
  • Reach out to influencers who have a good online presence and tie up with them to use your product and write reviews about it. This is good way of appealing your product to wide audience.
  • Keeping all the important stakeholders involved and active
  • Utilize social media for meaningful engagement. Take help of users in spreading your offering in their social circles.
  • Do proper and detailed tradeoff analysis
  • studying market and the bureaucracy of the countries where you have decided to offer your product.
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
You are the NEW Brand Manager Team for Asian Markets. You have been given a very...
You are the NEW Brand Manager Team for Asian Markets. You have been given a very strange foreign product to Market in China, India or Japan. Your product has been approved to be sold in Asian Markets in Large Supermarkets. Answer the following Questions: --How will you POSITION the Product? -How will you MARKET the product to meet global issues? -How will you EVALUATE your success or failure in the new Market?
4. Should Flare introduce a new product in the coming year?
4. Should Flare introduce a new product in the coming year?
A bank markets the following product. You take out a loan today and then repay 2,000...
A bank markets the following product. You take out a loan today and then repay 2,000 for eight years and 3,000 for another eight years (so that there are 16 payments total). If the interest rate is 4%, what is the size of the loan?
What marketing decisions do retailers need to make? Use the 4 P's, target markets, segmentation, pricing,...
What marketing decisions do retailers need to make? Use the 4 P's, target markets, segmentation, pricing, promotion and the other marketing tools we have learned about in this course so far. Use a store that you are familiar with (hint, it is hard to do this for a Wal-Mart, Target, Macy's etc.)
What decisions need to be made in the payroll cycle, and what information is needed to...
What decisions need to be made in the payroll cycle, and what information is needed to make these decisions in the human resources management (HRM).
What are some examples of products that were not customized when introduced into a new market...
What are some examples of products that were not customized when introduced into a new market and failed? What were the causes of these failures? What are some of the factors that should be considered when entering a product into markets? Do global strategies always make sense? Why or why not? What legal requirements do organizations face when conducting business globally?
You work on the Coca-Cola account. The client is ready to introduce a new product and...
You work on the Coca-Cola account. The client is ready to introduce a new product and wants to hear some campaign ideas to consider. Typically, this client will consider four ideas before deciding on one to move forward. The announcement: Coca-Cola has decided to add chocolate to its line of flavored Cokes, cherry and vanilla. They choke on the name Chocolate Coke, though; and so, to start with they would like a better name. Come up with four ideas for...
what historical events made English become the global lingua franca it is today?
what historical events made English become the global lingua franca it is today?
When looking at the government, they should make decisions within markets. How do you think markets...
When looking at the government, they should make decisions within markets. How do you think markets will be able to respond to higher taxes that might be placed to bring in more revenue?
Assuming you are an exporter, getting ready to make your first shipment to the global markets;...
Assuming you are an exporter, getting ready to make your first shipment to the global markets; examine the impact of each of the following on your shipment to the global markets: U.S regulations and compliance Procedures for a successful export transaction Programs and tax procedures to open markets Intellectual property rights considerations
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT