Hi i need to hand in this essay can u help me to rephrase this essay to avoid pl
ID: 342905 • Letter: H
Question
Hi i need to hand in this essay can u help me to rephrase this essay to avoid plagiarism minimum 500-600 words
Phase 1 (exploratory research)
Deciding whether to internationalize (Hong Kong)
Currently, the global franchising market is dominated by the US, which accounts for 63% of the total, while Asia as a whole represents only 16% of the global market value. In the next five years, the Asian region is expected to post double-digit growth. By 2019, the number of franchise brands in Asia is expected to exceed that of the US, EU, Australia and New Zealand combined. Hong Kong, apparently, has the edge in serving the growing franchising business in Asia, including its showcase role, the track record of organizing exhibitions, world-class supporting services, access to quality franchisees, the availability of industry talent, market sensitivity and close business connections with different markets in Asia. Industry practitioners are positive about Hong Kong serving as a two-way springboard for Western franchisors looking to gain access to the Asian markets, and for the Asian brands to venture into the global marketplace.
Phase 2 (exploratory research)
Deciding which markets to enter
Market potential in regions
Central an MTR station located in the Central area of Hong Kong Island 200,000 passengers use this station daily good Its retail outlets are located at strategic and accessible places, such as MTR, supermarket, and cinema, which enable the company to effectively attract potential customers. They can established small kiosks In MTR stations it will reduce the cost in rental as small kiosks .
Local competition
Hong Kong central area has around 30 soya bean outlet, traditional soybean, usually 12 pm they will close down the stall or when the day’s stock runs out, soybean café recently an ongoing trend Hong Kong as their innovative product attract teenager. High-end soybean boutique is considered luxury food is the most expensive, for afternoon tea they only open for 1 pm to 6 pm they used the highest quality soybean and expensive ingredient.
Competitiveness of the firm compared to local and international competitors
The competitiveness is quite fierce as the local has already adopted the culture of eating for the local also establish well brand image. Many Hong Kongese choose international firm because of high quality, when local firm is low, also Mr. Bean is low price and high quality and long duration of opening time some of their soya bean stalls only open until 5 pm, for example, Kung Wo Soy Bean Factory, Jia de soybean that traditional soybean stall.
Phase 3 Deciding how to enter foreign markets (descriptive research) Mr bean entering the foreign market is not complicated compared to other, they produce their product in a systematic way and the process is standardized the main ingredient is a soy-related ingredient and easy to produce, they according to their nature of products. Mr. Bean’s products can sell to almost all kind of market segments ranging from kids to old folks.
The behavior of local competition the most common competitive Advantage they use is the price they often choose to beat the competition by offering the lowest prices in order to increase sales they will come up with at least one new promo for our customers every month.They will literally give them something to talk about every month and came up with promos such as;“tell a friend promo”, “Buy one get one free promo “Heavy browsers promo”,“Early bird promo”, “weekend promo”,“Facebook promo”,
Phase 4 (descriptive research )
Designing the international marketing program (the 4 Ps) (standardization or adaption)
The buying behavior of local competition complex buying behavior:- when the consumer is highly involved in the buying and there are significant differences between brands then it is called complex buying behavior. So, in this case, the consumer must collect proper information about the product features and the marketer must provide detailed information regarding the product attributes. For eg. Consumer while buying a motorcycle is highly involved in the purchase and has the knowledge about significant differences between brands. Give businesses a fair and competitive operating environment.
Competitive practice The Act covers contract law and unfair contract terms, consumer rights when buying goods and services product safety law and enforcement unsolicited consumer agreements, including laws on door-to-door sales and other direct marketing penalties, enforcement powers and the rights of consumers to seek compensation.
Available distribution channels (Descriptive research)
Three distribution channel - producer to the end consumer. The wine and adult beverage industry is a perfect example of this long distribution channel. Wholesaler producer sells directly to a retailer, who then sells the producer's product to the end consumer, retailer, and the end consumer. direct to consumer model where the producer sells its product directly to the end consumer.
Media and promotional channels
Paid Promotion Channels- Native Press — Most people refer to this channel as strictly native advertising. Many companies are starting to sprout up around this space. While not as valuable as advertorials, this form of promotion can get branded content recommendations in front of millions of eyeballs in a short amount of time.
Earned Promotion Channels- Comment Citation This has long been synonymous with blog and forum commenting spam and was an early SEO link-building tactic
Phase 5 Implementing, coordinating, and controlling the international marketing program
Negotiation styles in In Hong Kong business culture a person’s reputation and social standing rest on the concept of “face”. Causing embarrassment or confrontation through loss of composure, even unintentionally, constitutes a “loss of face” and can be disastrous for business negotiations the Chinese may use “face” as a tool to make negotiations difficult for Westerners and to prevent a full and frank exchange t is almost impossible to be too polite in Hong Kong . Hong kong contribution margins project will expand the plant’s soybean crushing capacity from 20,000 MT to 30,000 MT per day and will increase the grain storage and loading capacity, as well as its ability to switch between products/by-products, maximizing contribution margins
Explanation / Answer
Deciding whether to internationalize (Hong Kong)
Currently, the global franchising market is dominated by the US, which accounts for 63% of the total, while Asia as a whole represents only 16% of the global market value. In the next five years, the Asian region is expected to post double-digit growth. By 2019, the number of franchise brands in Asia is expected to exceed that of the US, EU, Australia and New Zealand combined. Hong Kong, apparently, has the edge in serving the growing franchising business in Asia, including its showcase role, the track record of organizing exhibitions, world-class supporting services, access to quality franchisees, the availability of industry talent, market sensitivity and close business connections with different markets in Asia. Industry practitioners are positive about Hong Kong serving as a two-way springboard for Western franchisors looking to gain access to the Asian markets, and for the Asian brands to venture into the global marketplace.
Deciding which markets to enter
Market potential in regions
Central an MTR station located in the Central area of Hong Kong Island 200,000 passengers use this station daily good Its retail outlets are located at strategic and accessible places, such as MTR, supermarket, and cinema, which enable the company to effectively attract potential customers. They can established small kiosks In MTR stations it will reduce the cost in rental as small kiosks .
Local competition
Hong Kong central area has around 30 soya bean outlet, traditional soybean, usually 12 pm they will close down the stall or when the day’s stock runs out, soybean café recently an ongoing trend Hong Kong as their innovative product attract teenager. High-end soybean boutique is considered luxury food is the most expensive, for afternoon tea they only open for 1 pm to 6 pm they used the highest quality soybean and expensive ingredient.
Competitiveness of the firm compared to local and international competitors
The competitiveness is quite fierce as the local has already adopted the culture of eating for the local also establish well brand image. Many Hong Kongese choose international firm because of high quality, when local firm is low, also Mr. Bean is low price and high quality and long duration of opening time some of their soya bean stalls only open until 5 pm, for example, Kung Wo Soy Bean Factory, Jia de soybean that traditional soybean stall.
Phase 3 Deciding how to enter foreign markets (descriptive research) Mr bean entering the foreign market is not complicated compared to other, they produce their product in a systematic way and the process is standardized the main ingredient is a soy-related ingredient and easy to produce, they according to their nature of products. Mr. Bean’s products can sell to almost all kind of market segments ranging from kids to old folks.
The behavior of local competition the most common competitive Advantage they use is the price they often choose to beat the competition by offering the lowest prices in order to increase sales they will come up with at least one new promo for our customers every month.They will literally give them something to talk about every month and came up with various promos such as; Buy one get one free, tell a friend, Early bird, Heavy browsers, Facebook, weekend promos.
Designing the international marketing program (the 4 Ps) (standardization or adaption)
The buying behavior of local competition complex buying behavior:- when the consumer is highly involved in the buying and there are significant differences between brands then it is called complex buying behavior. So, in this case, the consumer must collect proper information about the product features and the marketer must provide detailed information regarding the product attributes. For eg. Consumer while buying a motorcycle is highly involved in the purchase and has the knowledge about significant differences between brands. Give businesses a fair and competitive operating environment.
Competitive practice The Act covers contract law and unfair contract terms, consumer rights when buying goods and services product safety law and enforcement unsolicited consumer agreements, including laws on door-to-door sales and other direct marketing penalties, enforcement powers and the rights of consumers to seek compensation.
Available distribution channels (Descriptive research)
Three distribution channel - producer to the end consumer. The wine and adult beverage industry is a perfect example of this long distribution channel. Wholesaler producer sells directly to a retailer, who then sells the producer's product to the end consumer, retailer, and the end consumer. direct to consumer model where the producer sells its product directly to the end consumer.
Media and promotional channels
Paid Promotion Channels such as Native Press is refered by most people refer as strictly native advertising. Many companies have started to adopt this. Even not as valuable as advertorials, this promotional form is able to get branded content recommendations in front of millions of people in a short period of time.
Earned Promotion Channels- Comment Citation This has long been synonymous with blog and forum commenting spam and was an early SEO link-building tactic
Phase 5 Implementing, coordinating, and controlling the international marketing program
Negotiation styles in In Hong Kong business culture a person’s reputation and social standing rest on the concept of “face”. Intentionally or unintentionly causing embarrassment or confrontation through loss of composure constitutes a “loss of face” and hence it can be disastrous for business negotiations. The Chinese may use “face” as a tool to make negotiations difficult for Westerners and to prevent a full and frank exchange t is almost impossible to be too polite in Hong Kong . Hong kong contribution margins project will expand the plant’s soybean crushing capacity from 20,000 MT to 30,000 MT per day and will increase the grain storage and loading capacity, as well as its ability to switch between products/by-products, maximizing contribution margins
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