What is the relationship between international trade and marketing?
International trade and marketing are related because marketing is an essential part of trading. Business must sell their products to create awareness and promotion. This can be done by including local culture into products, translation of ads and market research. The organization may then want to do business international, trading in goods and services outside the territorial limit of its country of origin. International trade is the result of globalization that has created an accessible market over the geographical borders.
This availability of foreign markets means that the organization must observe local customs and other standards to build properly and effectively sell their products. This connection between international trade and marketing is delicate with which it must be carefully addressed if the company is to succeed. For example, a fast food chain that seeks to penetrate the international market by playing its own versions of some popular local snacks on offer. The company could take advantage of the inclusion of thisAbout local snacks as an angle for sale on the local market. Such marketing tactics could allow her to excel among similar competitors who offer the same type of foreign fare.
dynamics between international trade and marketing can be observed when using local language to introduce the product on the international market. For example, if the company has an English origin, it does not use its English jafýky and television advertising to sell the same product on the Asian market. Such a product must be promoted in local language because of the laws of international trade and marketing. The company can even create several versions of the same television and radio ads if the country has several main languages.
A company that is trying to sell to a new triple market research in conjunction between local people's customs in relation to their attitude to products such as the company it offers. NapThe royal or sausage factory in Corned can adjust the contents of its sausage to reflect the belief and culture of the local population. If it is against the belief of the population to eat pork, the company will have to exclude as a component in the production of products. The company will also study the median income per capita of its new market to find out how it will affect potential consumers. These are all marketing questions about international trade.