Instructor Resource
Baack et al., International Marketing, 2e
12. How are the strategies that make up the market/product matrix used in international
marketing?
a. Market penetration – A firm uses a market penetration strategy when it attempts to
increase sales of existing products in existing markets. In international settings firms
can try to give consumers more ways to use their product. They can also try to
reposition their product to give consumers a better impression of the brand.
b. Product development – Product development plays a huge role in international
marketing – firms are always doing this to reach new consumers. Product
development strategies take place when the marketing team attempts to introduce new
products to existing markets or to enhance existing products with new features or
options.
13. Describe brands, brand names, brand marks, and service marks.
a. Brands – The name, sign, symbol, and / or design that identifies the products of a firm
and distinguishes it from competition is the company‘s brand, which is a name, sign,
symbol, or design, or some combination of all, that identifies the products of a firm
and distinguishes them from competition.
b. Brand names – is the verbal part of a brand that can be spoken.