What is International Marketing and Its Importance?

The International Marketing

International marketing is the marketing of products or services across borders. It is also called global marketing. It helps businesses reach different countries with different cultures. Companies use localized approaches to adapt to the unique needs of each market. This may include changes in packaging, pricing, or advertising. The goal of international marketing is to …

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What is Horizontal Marketing System?

Horizontal Marketing System

A Horizontal Marketing System (HMS) is a distribution channel arrangement between two or more organizations on the same level (but unrelated markets) to join and get the benefits of each other’s expertise and economies of scale. This strategy helps save money, time, and effort and earns them profit, and increases brand awareness. Horizontal marketing is …

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Labeling: Definition, Types, Function, Examples

Labeling

Labeling is printed information on a product that is used for its identification. It is bonded to the product or encoded so the consumer can know the product. Labeling is a legal requirement to sell products. The label provides information about the product and the brand. It provides product usage, quantity, expiry, etc. It can …

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Pestle Analysis: Tracking Environment For New Business Opportunities

PESTLE Analysis

A PESTLE analysis studies vital external factors (political, economic, sociological, technological, legal, and environmental) that influence an organization and help guide management to make strategic decisions. Businesses use this technique to scan their current or prospective environments, especially when planning to launch a new project, product, or service. Every organization focuses on growth. However, competition …

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