Domestic and International Marketing Overview
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Questions and Answers

Which of the following does NOT fall under the 7 'P's of Marketing?

  • Price
  • Profit (correct)
  • Product
  • People
  • What is the primary function of the Export Credit and Guarantee Corporation (ECGC)?

  • Facilitating trade declarations for customs
  • Assuring exporters against payment defaults (correct)
  • Regulating foreign exchange rates
  • Providing loans for import activities
  • What term describes the governmental actions intended to restrict or regulate international trade?

  • Trade barriers (correct)
  • Anti-dumping duty
  • Export pricing
  • Exchange regulations
  • Which financial tool is used to minimize risks in international trade by ensuring payment to exporters?

    <p>Letter of credit (B)</p> Signup and view all the answers

    Which of the following is considered an essential aspect of Customer Relationship Management (CRM)?

    <p>Enhancing customer interaction and satisfaction (B)</p> Signup and view all the answers

    Flashcards

    Marketing Management Process

    A structured approach to understanding and satisfying customer needs in the marketplace.

    International Marketing

    Marketing strategies and activities for products/services in foreign countries.

    Trade Barriers

    Obstacles to international trade, like tariffs or quotas.

    Export Pricing

    Determining prices for goods sold to foreign markets

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    Customer Relationship Management (CRM)

    Methods of managing interactions with customers to build strong relationships.

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    Study Notes

    Domestic Marketing

    • Nature and scope of marketing, 7 P's of marketing
    • Marketing management process
    • Sales and marketing
    • Market analysis
    • Market research
    • Product planning and pricing
    • Distribution decisions
    • Emerging trends and issues in marketing
    • Accounting for management
    • Understanding corporate financial statements
    • Tools of financial statement analysis
    • Customer relationship management
    • Key customer management
    • Advertising and sales management
    • Consumer rights and grievance redressal

    Foreign Trade: International Marketing

    • Concept of international marketing
    • Trade barriers and anti-dumping duty
    • Demand pattern of the product and competitor's activity
    • Export finance, banking, pricing, costing & exchange regulations
    • Concept of export pricing
    • Concept of export finance
    • Function of export credit and guarantee corporation (ECGC)
    • Deferred payment exports
    • Function of EXIM bank
    • Factoring and forfeiting FEMA
    • Different types of letters of credit (LCs) and their verification
    • Export procedures and documentations

    Import Management

    • Import procedures and documentations
    • Customs clearance and freight forwarding
    • Foreign trade policy – government rules and regulations
    • Foreign trade logistics & cargo insurance
    • Exchange rate mechanism

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    Description

    This quiz covers essential concepts in both domestic and international marketing, including the 7 P's of marketing, sales management, market analysis, and trade barriers. It also explores financial management relevant to marketing, such as export finance and pricing strategies. Test your knowledge on key marketing processes and emerging trends.

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