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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