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Define Marketing – Basic Terms of Marketing

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❶Global marketing is a firm's ability to market to almost all countries on the planet. Muhlbacher et al consider international marketing in relation to marketing orientation and competences see also Global Marketing.

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International Marketing
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Marketers are regarded as Managers of Demand. It is necessary for them to have knowledge about various aspects, not simply about their own product.

These marketing terms used in same way in all over the world. There are many facets of this Marketing Terms consumers. In business perspective person who directly derives the utility of the product is referred to as consumer. It is quite important to study the consumer behavior in detail so that the consumers are better educated about the products of the organization that can increase their utilities.

Customer is that individual who decides the purchasing of particular product in the market. It is not necessary that every customer should also be consumer of that product. Sometimes the customer purchasing particular product is different from the consumer of that product. The main point is that the customer always makes the purchasing decision. There are two types of customers which are as follow.

Those customers of the organization who work in it are regarded as internal customers. All those customers that are outsiders of the organization like, individuals, business people etc are referred to as external customers.

It require much time in developing successful superior brand image in consumer product marketing. So, as with many other elements of marketing, there is no single definition of international marketing, and there could be some confusion about where international marketing begins and global marketing ends. These lessons will assume that both terms are interchangeable, and will define international marketing as follows:. The intersection is the result of the process of internationalisation.

Many American and European authors see international marketing as a simple extension of exporting, whereby the marketing mix is simply adapted in some way to take into account differences in consumers and segments. It then follows that global marketing takes a more standardised approach to world markets and focuses upon sameness, in other words the similarities in consumers and segments. At its most complex level, it involves the firm in establishing manufacturing facilities overseas and coordinating marketing strategies across the globe.

Doole and Lowe differentiate between international marketing simple mix changes and global marketing more complex and extensive. Cateora and Ghauri consider international marketing in the absence of global marketing. Muhlbacher et al consider international marketing in relation to marketing orientation and competences see also Global Marketing. Marketing Teacher designs and delivers online marketing courses, training and resources for marketing learners, teachers and professionals.

View all posts by Tim Friesner. What is International Marketing?

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"in international transactions, the intermediaries, located in the producer's home country, who provide marketing services from a domestic base; also known as domestic middlemen. Home-country .

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Learn international marketing terms with free interactive flashcards. Choose from different sets of international marketing terms flashcards on Quizlet.

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Additionally, many terms have variations and new terms are added daily and it's important to stay current. This marketing glossary serves as a marketing reference and provides in-depth definitions, explanations, references, and examples. International marketing is based on an extension of a company’s local marketing strategy, with special attention paid to marketing identification, targeting, and decisions internationally (See also Local Marketing).

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What is International Marketing? Introduction to International Marketing. International marketing is simply the application of marketing principles to more than one country. However, there is a crossover between what is commonly expressed as international marketing and global marketing, which is a similar the purposes of this lesson on international marketing and those that follow it. A form of international organisational structure used by highly marketing oriented organisations with stable products. Attitudes and values. A predisposition towards a person or object based on cultural mores and values which is a precursor of behaviour.