TNC - global marketing Flashcards
what is marketing?
the process of promoting products and services
why is marketing becoming more global?
products are being sold world wide rather than just where they are produced
how does the global supply chain link global marketing?
due to the fact products are manufactered in different places to where they are sold it is linking countries
what is the aim of TNCs?
to create one single market for their product by creating a fully globalised world
what does one single market help TNCs create?
brand awarness
what do countries have to take into account in terms of adaptation?
they have to be aware that different countries have differences in cultural attitudes therefore have to adapt products upon these
what is an example of a company that has adapted to culture?
McDonalds
McSpicy Paneer Burger inm spain
no pork in places such as Qatar
what is the advantage to having one marketing campaign?
it makes it cheaper and creates economies of scale
in 2015 what happened to coca cola?
it was rated by interbrand one of the most successful companies in the world
what has coca cola done that is significant?
created on product which apart from minor tweaks is the same world wide
what have coca cola kept the same since the creation of the company?
logo
where is coca cola HQ?
atlanta
how many countries do coca cola have operations in?
200
how many employees do coca cola have?
over 100,000
what % of people worldwide calm identify the coca cola logo?
94
how many people around the world drink coke a day?
1.9 billion