Global economic interdependence and the effect of trade practices and agreements

Select an organization with which you are familiar that conducts both domestic and global marketing. Write a response in which you identify the environmental factors that affect global and domestic marketing decisions. In your paper be sure to address the following as they relate to the organization's marketing decisions: Analyze the influence of global economic interdependence and the impact of trade practices and agreements.

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Environmental factors that affect global and domestic marketing decisions4 2. Influence of Global Economic Interdependence5 3. The Effect of Trade Practices and Agreements5 4.

The Importance of Demographics and Physical Infrastructure5 5. Influence of Cultural Differences6 6. Influence of the Foreign Corrupt Practices Act of 9. Influence of Local, National and International Legislation8 Effect of Technology8 Environmental Factors affecting the U.

S Hotel Industry Introduction The paper elaborates the environmental factors that affect the global and domestic marketing decisions in a hotel industry of the U.

It also discusses briefly the several other factors that affect the organization's marketing decisions. Discussion Environmental factors that affect global and domestic marketing decisions Any identifiable component in the cultural, economic, political, social, demographic, cultural and technological environment that is the cause of affecting the survival, operations and growth of an organization are considered as the environmental factors.

The social and demographic elements may include the classification of population on the basis of characteristics and values. These characteristics may be defined as the buying behavior of consumers, cultures, attitudes and gender differences.

The economic elements include the factors that affect the expenditures, income and cost of running the business.

The technological elements refer to the new inventions and innovations in technology. Lastly, the competitive elements include the availability of substitutes of the product, at global and domestic level, by the competitors Kong.

Let us consider the hotel industry of US and determine the following influences on U. Influence of Global Economic Interdependence Global economic interdependence refers to the complex and highly effective exchange system by the division of labor.

It involves specialized systems in interconnecting the world globally. The influence of global economic interdependence on an organization's marketing decisions is indispensible. The countries where the global interdependence is really high are more likely to be influenced by the financial crisis in other countries.

Therefore, the countries with high interdependence rate with other countries must develop their strategic plans and strong monetary and fiscal policies to compete with any kind of financial crisis occurring globally.

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Neoliberal ideology claims that international trade is an important factor for the development of poor countries and their integration into the global economy. Rich governments' promotion of these ideals has led them to develop an array of new trade agreements such as the FTAA and CAFTA.

	These different factors can have a huge impact on the choice of product, price, promotion, and the location of the business. It will not be easy for the company to operate in different countries as one may think; there are different cultural ideas that have to be tackled.
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Oct 13,  · Free Essays on Analyze The Influence Of Global Economic Interdependence And The Effect Of Trade Practices And Agreements O Examine The Importance Of Demographics And.