Global Marketing and Trade Environments

Discuss the economic environment and major changes of the world economy in the past 20 years and the economic and trade environments of the European Union.

Your paper needs to address the following for both the economic and trade environments:

Discuss how one or more of the marketing concepts learned in Chapter 1 of your text can be applied to the global economic environment and to the trade environment of the European Union when a company is considering expanding globally.
Examine how the changes for both economic and trade environments of the marketing concepts can be applied to the environment when considering expansion to other countries.
Explain which strategies would be the best for a new product and an existing product using the product/market matrix based on a country’s market orientation.
Summarize the contents of your paper in an executive summary.

Sample Solution

As per the investigation of (Mendoza et al., 2016) Financial status assumes significant part in training. Not having monetary assets brought ramifications for the understudies. In investigation of (Villamor n.d) she decided the impacts of financial elements (SES) and the degree of self-adequacy corresponding to the scholastic presentation of secondary school understudies. Her discoveries figure out that there was a critical connection between’s the respondents’ SES in light of yearly family pay and their scholarly presentation. Her decision expressed that the grade 7 understudies’ financial status in light of yearly family pay was an indicator of their scholastic presentation. Besides, her discoveries support the idea that neediness is relative, and that its presence or nonappearance doesn’t matter to understudies’ scholastic exhibition.

(Jabar et al., 2020) They concentrate because of financial status on parental inclusion among Filipino guardians. Their overview offers four significant discoveries. First and foremost, the guardians for the most part are more connected with parental contribution at home than in school. Second, guardians in higher pay showed parental affiliation both at home and in school. Regardless, an alternate picture seemed while thinking about the subject evaluation of guardians about their everyday environment. Those families who trusted themselves to be very poor showed parental contribution at home and in school than the people who saw themselves to be in an ideal situation financially. Third, parental association in school was decently higher among CCT (4ps) part guardians than their non CCT (4ps) partners. Fourth, relapse examination recognizes enrollment in CCT (4ps) as an indicator of parental contribution. Their review presumes that monetary assets from work or the CCT program could work with parental contribution in kids’ schooling, especially among guardians from somewhat top level salary family and low-pay families. Their paper proposes that more exploration be finished into the impacts of pay dissimilarity on parental association among low-pay guardians.

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