The Houston Chronicle explains that the benefits of e-marketing or Internet marketing include convenience, increased reach, personalization, improved customer relationships, lowered marketing costs and an established social presence online. IMSolutions lists some of the disadvantages, including increased competition, a lack of personal interaction and constantly changing technology.Know More
IMSolutions compares and contrasts the advantages and disadvantages of using Internet marketing, with each side boiling down primarily to price and effectiveness. An article on its website points out that Internet marketing is not only more affordable than traditional forms of marketing, but it allows marketers to focus their efforts on highly targeted audiences who are more predisposed to be interested in their products.
While traditional marketing casts a wide net in hopes that some will buy a product, Internet marketing goes directly for consumers who are already looking to buy. Traffic reminds marketers that, although e-marketing is very low risk, it is also far more competitive thanks to globalization. Because so many marketers are online, the increased competition results in a significantly lower profit margin for all products sold. Traffic also notes that security and privacy issues can be an issue for online marketers, which may lead to consumer trust issues for e-commerce sites.Learn More
Marginal revenue is the additional revenue a business makes after selling one more unit of product. The formula for marginal revenue is the change in total revenue divided by the change in quantity of output.Full Answer >
The formula for calculating cost of sales is adding the starting inventory, inventory purchases and overhead expenses together and subtracting that number from inventory at the end of the year, according to Chron. This formula subtracts the sales cost from the amount earned through sales to determine the company's income.Full Answer >
The University of North Carolina at Pembroke states that internal and external publics are components of public relations. Internal publics are individuals employed by an agency, while external publics are people and organizations outside of the company that are doing business with an agency.Full Answer >
Multinational marketing, also known as international marketing, is when a business directs products and services toward potential consumers in other countries. Seeking new markets helps to offset domestic saturation and increase revenue.Full Answer >