Integration of economic, Financial Management

Assignment Help:

a) Globalisation refers to the interdependence and integration of economic, social and politic issues (services, goods, people and capital), across the world. For example, consumers from different countries have increasingly similar tastes and habits. Hence, educational establishments such as universities no longer provide only for the domestic student.

b) Segmentation can allow the universities to have a better understanding of the various types of customers (students in this case) and hence help such organizations to create better (more cost-effective) marketing activities. Students might be segmented in diverse ways, such as:

• Age - e.g. mature students or college graduates

• Gender - e.g. female and male students might have varying interests and hobbies and this can help universities to plan their extra-curricular activities (thereby enhancing the experience of their customers).

• Ethnic background - e.g. background and culture. Many universities have societies and clubs to supply for people from different regions of the world. The product range in the university canteen could also be pretentious by the demographics of the students.

• Language - other forms of written marketing correspondence and Newsletters can also be translated into different languages to cater for students from overseas countries.

• Religion - e.g. Hong Kong Baptist University.

• Academic ability - Universities can use segmentation data to target the appropriate student for their courses and establishments. For example, Harvard and Cambridge will target their marketing at top (academic) schools across the world. Such universities are more likely to use focused marketing; other universities may use more conventional marketing techniques.

Overall, effectual segmentation can assist universities to develop more specific marketing strategies for their overseas customers and have opportunities to target a wider range of students.


Related Discussions:- Integration of economic

NET INCOME APPROACH.., You are required to compute the value of both the fi...

You are required to compute the value of both the firms using Net Income approach.

Modern approach, Meaning merits nd demerits of modern approch of financial ...

Meaning merits nd demerits of modern approch of financial management

State the term- dealing with general risk, State the term- Dealing with gen...

State the term- Dealing with general risk Part  of  the  strategic  decision  making  process  is  to  analyse  all  risk  factors  involved  with pursuing a specific course of

Dual currency bonds, In the case of dual currency b...

In the case of dual currency bonds, the interest is paid in one currency, while the principal repayment is made in another currency. Deep Di

Value of conversion benefits, Having seen the measure used for ...

Having seen the measure used for analyzing the convertible bonds, let us now examine the merits and demerits of convertible bonds, and why or wh

State the economic conditions of cost of capital, State the economic condit...

State the economic conditions of cost of capital General economic conditions These include demand for and supply of capital within the economy and level of expected inflatio

Advantage of profitability index method, Q. Advantage of Profitability Inde...

Q. Advantage of Profitability Index method? Advantage of PI method:- (i) Similar to the other DCF techniques the PI method as well takes into account the time value of money

What is the matching principle of working capital financing, What is the ma...

What is the matching principle of working capital financing?  What are the benefits of following this principle? The matching principle is while short-term financing is used fo

Forex, I am looking for assignment help on the topic FOREX. It would be gre...

I am looking for assignment help on the topic FOREX. It would be great if anyone help me.

Calculate the net present value, Tri-City Industries is considering two pos...

Tri-City Industries is considering two possible capital projects. Project A requires an initial investment of $240,000 and provides cash flows before tax of $120,000 in year one, $

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd