The pricing decision is influenced by a number of variables. Costs, required rate of return, marketing and marketing mix priorities are all internal factors of the company. Others, such as market competition, consumers, demand and supply, environmental factors, and government policy are external factors of the business. Both of these considerations must be taken into […]
Price Skimming: JBL
Prices are almost never the same in international markets and vary due to taxes, cost structures, local market needs, currency exchange rates, tariffs, and differences an abundance of situations. Even more so, prices are historically, vastly different in international markets, and the long standing trend will keep it this way. Across different industries, consumer products […]
Tokyo Disneyland
Disneyland has been an amazing venture for the Disney Group. After the success of Disneyland, the new Disneyworld in Florida was just as groundbreaking. Because of the success, Disney has opened parks in Hong Kong, Japan, China, and France. My experience at Disneyworld has always been close to perfect. What is truly amazing about Disneyland/world […]
6 Ways to Improve International Market Launches through Pricing Since the boom of the Internet, difficulties in international expansion have been reduced considerably easier for brands aiming establish their business globally through various channels. Loyal consumers in international markets can research product offerings, price points, and discounts of what their favorite product is valued at […]
While its roots originate stateside, the NBA has expanded the sport and its brand across the world. Unlike its “big 4” counterparts of the NHL, NFL, and MLB, the NBA has prioritized international growth especially within the last handful of years. The three central pillars that have led to NBA’s international growth include; a retooled […]
In previous blog posts, we have alluded to the cruciality of considering other countries’ linguistic idiosyncrasies in developing any form of international market communication. As Fatiha Guessabi writes, the “meanings of a particular language represent the culture of a particular social group. To interact with a language means to do so with the culture, which […]
Changes in Japanese Consumers
Japanese consumers were often considered to be very different to consumers in Europe and the United States. They focused on high quality and convenience when purchasing products. Younger members of the population, however, have been changing this consumer behavior and it is leading to a massive change in the Japanese shopping. To simplify the change, […]
It is always interesting to analyze international companies who expand into your country. Aldi is an example of a German company who expanded into the United States and has become one of the fastest growing grocery stores in the country. The most interesting part about this story is that they made little to no adaptations […]