Reference no: EM13729426
Assignment and Final Paper:
China and India have demonstrated trends toward Western-style consumption over the last decade. Given the emphasis on the youth market in the US over the last 60 years (since the baby boom), what can you suggest for marketers in these youth-oriented consumer economies (China and India)?
Guided Response:
1. Describe the products (goods and services) that interest these youth markets.
2. Compare and contrast the micro- and macro-environmental forces that can influence the marketing strategies for these products (goods and services).
3. Analyze the marketing strategies of these two countries and compare them with Western-based consumption marketers (e.g., US).
4. What opportunity for U.S. companies might you foresee? Support your reasoning.
Assume the role of Marketing Manager. Select a product (good or service) that is sold in the United States and has sales opportunities in a foreign market. Apply your critical thinking skills and the knowledge you have acquired throughout this course and address the following in your Final Paper:
Describe the product you selected in terms of the four utilities of customer value.
Identify the product's target market at home and in your stated foreign market.
Indicate the competition of the product category in both home and foreign markets.
Explain how you would apply the segmentation, targeting, and positioning (STP) approach to market the product in the foreign market.
Discuss the major environmental facts and trends in the foreign markets that might affect sales of the product.
Explain how you would develop, execute. and measure a campaign for this product considering the four p's (product, price, promotion, and place).
Discuss the U.S. and international ethical marketing considerations.
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