What are the dimensions of global marketing strategy (GMS) that pertain to marketing management?
What will be an ideal response?
GMS has three dimensions that pertain to marketing management. First, "concentration of marketing activities" such as promotional campaigns or pricing decisions is performed in one or a few country locations. The second, "coordination of marketing activities," refers to the extent to which marketing activities related to the marketing mix are planned and executed interdependently around the globe. Finally, "integration of competitive moves" is the extent to which a firm's competitive marketing tactics in different parts of the world are interdependent. In essence, GMS should enhance the firm's performance on a worldwide basis.
You might also like to view...
Which of the following meeting styles is a military-style meeting in which team members report to you, answer your questions, and make recommendations?
a. The "Congressional" system b. The "House of Commons" system c. The "Prime Minister" system d. The business conference e. The staff conference
It is not possible to have too much insurance coverage
Indicate whether the statement is true or false.