Asked by Laney Ankney on May 17, 2024

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In what three ways are global segmentation, targeting, and positioning more complicated than domestic STP?

Global Segmentation

The process of dividing the world market into distinct subsets of customers who share common needs or characteristics, allowing for targeted marketing strategies.

Targeting

The process of identifying and focusing on specific segments of the market that a company views as potential customers for its products or services.

Positioning

In marketing, positioning refers to the technique by which marketers try to create an image or identity for a product, brand, or company in the perception of the target market.

  • Understand the worldwide product tactics for companies aiming at international growth.
  • Identify crucial components of a nation's infrastructure influencing efforts in international marketing.
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Angelica CalderonMay 20, 2024
Final Answer :
First, firms considering a global expansion have much more difficulty understanding the cultural nuances of other countries. Second, subcultures within each country also must be considered. Third, consumers often view products and their role as consumers differently in different countries.