In this lesson I cover:
Marketing strategy
Justify marketing strategies appropriate to a given situation:
* Importance of different elements of the marketing mix in influencing consumer decisions in given circumstances
* Recommend and justify an appropriate marketing strategy in given circumstances
The nature and impact of legal controls related to marketing:
* Impact of legal controls on marketing strategy, e.g. misleading promotion, faulty and dangerous goods
The opportunities and problems of entering new foreign markets:
* Growth potential of new markets in other countries
* Problems of entering foreign markets, e.g. cultural differences and lack of knowledge
* Benefits and limitations of methods to overcome such problems, e.g. joint ventures, licensing
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