19. Stages Of personal Selling 1.Prospecting 2.Pre approaching 3.Problem solving 4.Approaching 5.Presenting 6.Handling Objections 7.Closing The sale 8. Follow-up
35. Profiles of major media types Medium Advantages Limitations Print - Newspaper Flexibility; timeliness; good local market coverage; broad acceptability; believability Short life; poor production quality Television Good mass-market coverage; low cost per exposure; combines sight, sound, and motion; appealing to the senses High absolute cost; high clutter; less audience selectivity Radio Good local acceptance; high geographic and demographic selectivity; low cost Audio only; low attention (“half heard”); fragmented audiences Print - Magazine High geographic and demographic selectivity; credibility and prestige; quality production; long life; good pass-along high cost; no guarantee of position Outdoor Flexibility; high repeat exposure; low cost; low message competition; good positional selectivity Little audience selectivity; creative limitations Online High selectivity; low cost; immediacy; interactive capabilities Small, demographically skewed audience; low impact; audience controls exposure
53. Strategic Adaptation to Foreign Markets Low High Industrial/ Technology Intensive Consumer Need for Adaptation Degree of Cultural Grounding Nature of Product Source: Adapted from W. Chan Kim and R. A. Mauborgne, “Cross-Cultural Strategies,” The Journal of Business Strategy 7 (Spring 1987): 31; and John A. Quelch and Edward J. Hoff, “Customizing Global Marketing,” Harvard Business Review 64 (May-June 1986): 92-101.
54. Factors Affecting Adaptation Regional, Country, or Local Characteristics Product Characteristics Company Considerations Decision to Alter the Domestic Product
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