Author
trinhlien
View
222
Download
2
Embed Size (px)
Launching a new product / brand in the
European / International Markets
How to introduce a new product / brand
in the European or international markets?
International marketing plans
Analyze the market (define market potential)
Segment the market and identify the right segment
(segmentation and positioning)
Evaluate the attractiveness of the segment (quantitative
and qualitative evaluation)
Developing the marketing mix
Case discussion
Case discussions
Accor
Barilla
Dunkin Donuts
Twix
De Longhi
and many others
Marketing Plan for international
marketing
Selling is only the tip of the iceberg
There will always be need for
some selling. But the aim of marketing
is to make selling superfluous. The aim
of marketing is to know and understand
the customer so well that the product or
service fits him and sells itself. Ideally,
marketing should result in a customer
who is ready to buy. All that should be
needed is to make the product or
service available.
Peter Drucker
The 7Ps of the marketing mix
MARKETING PLAN PRODUCT / MARKET / YEARS
EXTERNAL ANALYSIS
INTERNAL ANALYSIS
MARKETING STRATEGY MARKETING MIX
Demand Market System
CompetitorsSegmentation
Macro environmentBuying Behavior
Operational Processes
EconomicsMarketing
Threats
WeaknessesStrenghts
Opportunities
OBJECTIVES
TARGET GROUP
COMPETITIVE
STRATEGY
POSITIONING
PRODUCT /
SERVICE
PRICE
PLACE
PROMOTION
CONTROL
The marketing budget
Gross sales value: p x q
- Trade Allowances
= Net product sales
- Direct delivered costs (production, distribution, etc.)
= Gross Profit
- Marketing appropriations
- Marketing research costs
- Communication costs
= Profit Before Indirects (PBI)
Top line objectives
(efficacy)
Bottom line objectives
(efficiency)
Which are the differences in the marketing plan of...
An exporting company?
A multinational company?
A global company?
EXPORT MARKETING PLAN PRODUCT / MARKET / YEARS
EXTERNAL ANALYSIS
INTERNAL ANALYSIS
MARKETING STRATEGY MARKETING MIX
Demand Market System
CompetitorsInternational
Segmentation
Macro environmentBuying Behavior
Operational Processes
EconomicsMarketing
Threats
WeaknessesStrenghts
Opportunities
OBJECTIVES
TARGET GROUP
COMPETITIVE
STRATEGY
POSITIONING
PRODUCT /
SERVICE
Standardization/
Adaptation
PRICE
Standardization
/ Adaptation
PLACE
Standardization
/ Adaptation
PROMOTION
Standardization
/ Adaptation
CONTROL
ENTRY MODE
MULTINATIONAL MARKETING PLAN PRODUCT / MARKET / YEARS
EXTERNAL ANALYSIS
INTERNAL ANALYSIS
MARKETING STRATEGY MARKETING MIX
Demand Market System
CompetitorsSegmentation
Macro environmentBuying Behavior
Operational Processes
EconomicsMarketing
Threats
WeaknessesStrenghts
Opportunities
OBJECTIVES
TARGET GROUP
COMPETITIVE
STRATEGY
POSITIONING
PRODUCT /
SERVICE
PRICE
PLACE
PROMOTION
CONTROL
GLOBAL MARKETING PLAN PRODUCT / MARKET / YEARS
EXTERNAL ANALYSIS
INTERNAL ANALYSIS
MARKETING STRATEGY MARKETING MIX
Demand Market System
CompetitorsGlobal
Segmentation
Macro environmentBuying Behavior
Operational Processes
EconomicsMarketing
Threats
WeaknessesStrenghts
Opportunities
OBJECTIVES
TARGET GROUP
(Horizontal segment)
COMPETITIVE
STRATEGY
GLOBAL POSITIONING
GLOBAL
PRODUCT /
SERVICE
GLOBAL
PRICE
GLOBAL
PLACE
GLOBAL
PROMOTION
CONTROL
Adaptation? Adaptation?
Adaptation? Adaptation?
Market Potential, Segmentation and
Targeting
The identification of the target countries can be developed through the market attractiveness / competitive strenght matrix
Choice of target markets / countries
Attractiveness of the market
Com
peti
tive p
osi
tion H
igh
Mediu
mLow
High Medium Low
Not interesting Not interesting
Not interesting
Monitoring
Monitoring
MonitoringInvest
Invest
Invest
5 3 1
3
1
(Grow)
(Grow)
(Grow)
/ Selectivity strategies
/ Selectivity strategies
/ Selectivity strategies
Socio - Demographic segmentation
Behavioral segmentation
Psychographic segmentation
Benefit segmentation
Micro market segmentation (step 5)
Segm
enta
tion
based o
n d
em
and
Segm
enta
tion b
y
pro
duct
gro
up Traditional format
Creative specialities
Regional specialities
An example:
Individuals
(BtoC)
Companies
(BtoB)
Channels of distribution
Figure 8.4 Segmentation for selling salty snacks in the workplace
Source: Adapted from Barron, J. and Hollingshead, J. (2002) Market segmentation work: successful marketing really does begin with effective
segmentation, Marketing Management, JanuaryFebruary: 248. Reproduced with permission from J. Barron, J. Hollingshead and the Monitor Group
With horizontal segmentation similar segments in
different countries are aggregated in a unique cluster
Horizontal (intermarket / transnational ) segmentation
is possible when psychografic or benefit segmentation
have been applied in the segmentation of the single
markets
Different weight of country segments within the
horizontal cluster
Horizontal segmentation
An example of horizontal segmentation
Segment 1
Segment 2
Segment 3
Country A
Country B
Country C
Country D
Country E
Horizontal
Segment 1
Horizontal
Segment 2
Horizontal
Segment 3
What is positioning?
Positioning is the act of designing the companys offering and image to occupy a distinctive
place in the mind of the target market.
Positioning statement
To (target & group need)
Our (Brand)
Is (the concept)
That (what the POD is or does)
Positioning criterias
Benefit / Attributes / Price
Usage situation
Product use
Users
Against competitors
Product Class
Companys image
Hybrid positioning
Segmentation and positioning: the Accor case
http://www.accor.com/gb/groupe/activites/hotellerie/activites_hotellerie.asp?flash=N
http://www.accor.com/gb/groupe/activites/hotellerie/activites_hotellerie.asp?flash=Nhttp://www.accor.com/gb/groupe/activites/hotellerie/activites_hotellerie.asp?flash=N
Accor brands: value propositions
Sofitel : French-style luxury
Lenotre: creator of upscale gourmet dining
Groupe Lucien Barrire: a mayor player in the luxury leisure segment
Pullman: Customized solutions for business travelers
Novotel : resolutely contemporary hotels
Mercure: a Mercure for every traveler
Suitehotel: an oasis for todays nomads
Accor Thalassa: the best of seawater theraphy and hot spring spas
Ibis: the leader in the European economy segment
All Seasons: Hotel that have all you need
Novotel : resolutely contemporary hotels
Etap Hotel: hotels for everyone
Formule 1: the benchmark in low cost hotels
Motel 6: affordable & friendly (we will leave the light on for you)
Studio 6: Long stay hotels (extend your stay, not your budget)
Adagio City Aparthotel : a new network of urban residences (a home away from home)
La Compagnie des Wagons-Lits: a leader in onboard catering and services
Understanding competitive structure of a market
How do customers view the brand?
Which competitive brands do customers perceive to be their closest competitors?
What market offering and company attributes are most responsible for these perceived differences?
The Barilla Case
Barilla Video
In the time of entry, was the positioning strategy different in different countries?
Today, do you consider Barilla a global brand?
Dunkin Donuts
Who is the enemy?
Product Decisions
The international
product mix
Many decisions depend on the stage of
the Product Life Cycle
Source: Kotler et al (2009), MM
PLCs of different countriesfor a specific product
Source: Hollensen, 2007, p.431
The PLC of disposable nappies in China
Expo Shanghai, June 2010
kaidangku
The PLC of the Nivea Brand
across different countries
Foreign Countries Italy
Product Life Cycle and advertising across different countries
The three levels of a product
functional features, performance,perceived value, image,
technology
Delivery, installation, guarantees, after-sales service,
spare parts
brand, quality, design, packaging, price,country of origin, staff behaviour, size
Core productbenefits
Productattributes
Support services
Ability to standardize product elements
Low
High
The trade - off between standardization and adaptation
Product and Service Decisions
Individual Product
Product Line
Product Mix
Key Decisions:
Individual Product Decisions
See Cateora & Graham Chapter 10
Ito En has launched in Japan a new vegetable based drink. This vegetable concentrated juice
blend, rich in beta-carotene and lycopene, can supply the equivalent of 350g of vegetables
with a 280g bottle, with no added sugar or salt. This product contains 25 different vegetables:
carrots, tomatoes, sweet potato, red bell peppers, green kidney beans, moroheiya, celery,
broccoli, kale, pumpkin, lettuce, green bell peppers, asparagus, Chinese cabbage, sweet potato
stalk and leaf, green peas, mustard spinach, angelica, parsley, cress, cabbage, radish, spinach,
Japanese wild chervil.
There are lots of similar products like this being launched across Japan and the Asia-Pacific.
Even if this product has a huge amount of vegetables and it is undoubtedly healthy, it is
improbable that it would be popular in Europe or the US.
Differences in packaging: the Twix caseFra
nce a
nd
...Italy
1. Where are the differences?
2. Why?
()Best global brands (Interbrand, 2010)
Branding decisions
Source: Source: adapted from Onkvisit and Shaw, 1993, p. 534.
Remember COO (Country of Origin effect) as an attribute of brandreputation!
Advantages:
better profit margins
brand loyalty
better bargaining power
better control of distribution
Manufacturers brand
Disadvantages:
Requires brand promotion
difficult for small manufacturer with unknown brands
Advantages:
Possibility of larger
market share
no promotional problems
possibility to increase export business with increasing internationalization of the big retail chains
Private brands
Disadvantages:
Severe price competition, because the retail chain can always switch supplier
Lack of market identity
If the manufacturer is producing both its own brands and private brands, there can be the risk of cannibalization of his brand
Advantages:
Highly profitable business
Fast brand diffusion all over the world
Licensed brand
Disadvantages:
Risk to lose control over its product
A company can license names and symbols created by
other manufacturers, names of well-known celebrities,
characters from popular movies and goods
Harry Potter pancakes:
a licencing mistakeHarry Potter Lego:
a licencing success
Co-branding between Martini and Dolce e Gabbana:
MARTINI GOLD by
DOLCE&GABBANA is the result of a
long term affair between two Italian
icons MARTINI GOLD and
DOLCE&GABBANA.
Source: http://www.martinigold.com/it-
it/the-movie/advertising-gallery.aspx
Ingredient branding between Dell and Intel:
Brand Strategy
Line Extension Existing brand names extended to new forms, sizes,
colors and flavors of an existing product category. Related also to package sizes. Ex: Dannon Yogurt Flavors
Brand Extension Existing brand names extended to new or modified
product categories. Ex: Red Bull Energy Drink, Red Bull Cola
Multibrands New brand names introduced in the same product
category. Ex: Helena Rubistein, Lancome, Kerastase, Biotherm.
New Brands New brand names in new product categories.
Ex: Sanson (by acquisition of Barilla Group)
Advantages:
Maximum market efficiency
Reduction of adv costs
Elimination of brand confusion
Good for culture-free products
Good for prestigious products
Easy identification around the world
Uniform world-wide image
Global brand
Disadvantages:
Assumes market homogeneity
Possibility of negative connotation
Requires quality and quantity consistency
Legal complications
Local managers opposition and resentments
Advantages:
Meaningful names
Local identification
Allows variations of quality and quantity across markets
better control of distribution
Local brand
Disadvantages:
Higher marketing costs
Higher inventory costs
Loss of economies of scale
Diffused image
The Carlsberg Group: Russian Brand Portfolio in 2007
Global productsIs it Coca Cola a global product and brand?
Global products
Is it Unilever icecream a global product and brand?
http://www.langnese.de/index.htmlhttp://www.icecreamusa.com/good_humor/index.html
Distribution Decisions
Consumer marketing channels
Figure 17.11 Consumer and industrial marketing channels
Industrial marketing channels
Figure 17.11 Consumer and industrial marketing channels (continued)
Differences in the distribution system, logistics
and transport infrastructure
External decisions concerning channel structure
1
Inefficient logistic system use of local intermediaries price escalation
Alternative distribution channels: examples of OTC and beerIn France pharmacies and drugstores distribute 65.7% of the total OTC national
market value and supermarkets and hypermarkets account for only 8.3%; in markets
such as US supermarkets and hypermarkets account for 28.8% and pharamacies
and drugstores distribute 49.1% of the US OTC pharmaceuticals.
Channels Brazil India Singapore Germany Russia
Specialist Retailers 48.60% 56.60% 6.80% 7.30% 30.20%
Supermarkets/ hypermarkets 29.70% 0.20% 17.80% 61.30% 48.10%
On-trade 14.90% 43.10% 63.80% 22.90% 8.80%
Other 6.80%
Legal regulations/ local business practices
External decisions concerning channel structure
1
In China companies such as Mary Kay, Amway and Avon in 1998 were
included in the ban of pyramid selling. After losing 50% of sales, these
companies had to adapt to new regulations which imposed their sales
people also to pass an exam by local authorities.
2.
Product life cycle3.
Size of the market and distribution of consumers
across the country4.
Procter & Gamble (P&G) distribution network in rural China
Purchasing and shopping habits - outlet preferences
1
Retail formats in Vietnam : one decade after introduction of supermarkets, only 10% of all the products are distributed through modern distribution while the rest 90%
continue to be sold through traditional channels such as:
Organized bazaars: approved by the authorities, crowded, chaotic, colorful, but also dirty and without product standards nor trademarks)
Informal bazaars (called Cho Coc), not approved by local Vietnamese government which planned (unsuccessfully) to eliminate them. The retailer is a street
vendor that can be stationary or may move from place to place, typically selling
vegetables, eggs, meat, fish, ecc.
Mom & pop stores: small family owned shops selling consumer stuff such as food, drinks, toys, personal care products, etc.: in some streets, in a few hundred
meters, there can be 200 500 similar mom & pop stores
5.
External decisions concerning channel structure
Competitors
Successful distribution strategies
Exclusive contracts with retailers and wholesalers
Sisheido example:
high-quality counseling and services tailored to the requests of each
consumer, and constantly meeting customer needs for skincare and makeup.
The direct control of the distribution channel
5.
Sources:
http://www.shiseido.co.jp/e/ir/acc/ir_e0804acc/i
mg/brf_08041.pdf;
http://www.shiseido.co.jp/e/ir/annual/index.htm
External decisions concerning channel structure
http://www.shiseido.co.jp/e/ir/acc/ir_e0804acc/img/brf_08041.pdfhttp://www.shiseido.co.jp/e/ir/acc/ir_e0804acc/img/brf_08041.pdf
Internal decisions concerning channel structure
Intensive, selective or exclusive strategy?
Relationship with intermediaries should be differentiated because complex products require extensive information exchange and interaction catering to solve functional problems: product delivery, installation and/or after-sale service, etc. In some cases also top management is involved
How many export managers? Which are their international experiences? Whichare their marketing capacities? Budget? Owned sales network or indepententintermediaries?
Entry mode and degree of control
Distribution strategy and penetration objectives
Product complexity
Internal organization of the export department
Intensive, selective or exclusive strategy? Some examples
Intensive strategy
Michelin Group took an intensive strategy when it entered Russia with its Michelin Truck Pro and Tyre Plus partnerships. Michelin already had 82 existing branches in 61 towns when it decided to extend its sales network in 2006 to every Russian town of 150,000 residents or more in order to provide proper coverage in this vast country.
Fast moving goods manufactured by large multinational companies which aim to penetrate with their brands all the segments of the population.
M = Manufacturer
W= Wholesaler
R = Retailer
Intensive, selective or exclusive strategy? Some examples
Selective strategy
Armani Group, in the apparel sector, which distribute its high quality products not only through directly owned stores (exclusive approach) but also penetrating some countries through the selection of the finest wear stores in the main cities.
M = Manufacturer
W= Wholesaler
R = Retailer
Intensive, selective or exclusive strategy? Some examples
Exclusive strategy
Zara, the brand of the Spanish Inditex Group. Zara penetrates foreign countries solely through directly owned stores where only the companys brand is sold.
M = Manufacturer
W= Wholesaler
R = Retailer
Managing international distribution channels
Direct and indirect distribution channels
Conventional versus vertical marketing systems
Multichannel strategies
Conventional marketing system
Manufacturer
Wholesaler
Retailer
Consumer
Vertical marketing system
16-
75
Types of vertical marketing system
16-
76
Corporate VMS A vertical marketing system that combines successive stages of
production and distribution under single ownership (examples
are DOS directly owned stores).
Contractual VMS A vertical marketing system in which independent firms at
different levels of production and distribution join together
through contracts to obtain more economies or sales impact
than they could achieve alone (examples are wholesaler-
sponsored voluntary chains, retailer cooperatives or franchise)
Administrative
VMS
A vertical marketing system that coordinates successive stages
of production and distribution, not through common ownership
or contractual ties but through the size and power of one of the
parties.
Multichannel distribution
Companies usually define multiple channels (direct and indirect) and choose the more suitable channel organization (conventional or vertical) often proposing differentiated offers and/or brands.
Distribution channels in lOreal:
25 brands in 130 countries
Multichannel distribution
http://www.careernomics.com/Loreal0709/can/excelling.php
+ Lancome e-shop
Functions performed by intermediaries
1
16-79
Carrying of inventory
Demand generation
Physical distribution
After-sales service
Credit extension to customers
Types of channel intermediaries
Agents: Agents sell supplier-owned products primarily to retailers and other wholesalers, not taking title to goods but acting in name of the company they represent
Wholesalers: Wholesalers sell goods supplied by other firms to retailers and/or directly to industrial, commercial and other end users. They are distinguished from other types of intermediaries in that they actually take title to the goods they sell.
Retailers:
Criteria for evaluation foreign distributors
Source: Cavusgil, Yeoh and Mitri (1995)
Grocery Retailing: the European Mosaic
Selling to Retailers
Manufacturers have to take into consideration the variety of retail intermediaries that can be used in the foreign markets.
Manufacturers can create partnerships with retailers
In some cases they have to develop owned stores and/or franchising networks which are more suitable to promote and sell their brands.
Selling to Retailers: some examples
For example, Bulgari's retail network consists of 264 exclusive Bulgari stores: 107 are DOS (directly owned stores), 44 are franchised stores and 56 are travel retail and wholesale stores). Bulgari also distributes through independent watch retailers and through the finest and selected perfumeries and department stores.
Selling to Retailers: some examples
Pricing considerations
Companies set prices according to 4 sets of
factors:
costs
consumer perception
competitors prices
societal consideration.
Competitors prices
The strenght of local competitors an example:
Arvind Mills, an Indian company that makes denim jeans
for Lee, Wrangler, Arrow and Tommy Hilfiger - brands
which sell for pound 30 or more in the West. This local
company is also the owner of the biggest selling Indian
jeans brand Ruf and Tuf, which sell its products at just
pound 3 via tailors in the form of a complete "sew it
yourself" kit.[1]
[1] The bottom of the pyramid is where the real gold is hidden, Marketing
Week. London: Feb 8, 2007. pg. 18,
http://proquest.umi.com.ezproxy.lib.ucf.edu/pqdweb?index=3&sid=6&src
hmode=1&... 16/08/2008
Consumer perception: the de Longhi case
de Longhi in Europe and USA
Price positioning
Advertising (see Video)
1. Is price positioning the same in different European countries?
2. Is this situation the result of companys marketing strategies or is it determined by consumer perception?
3. What is the role of recent advertising campaigns in the European market? And in USA
Consumers needs: the Nokia case
de Longhi in Europe and USA
Price positioning
Advertising (see Video)
1. Is price positioning the same in different European countries?
2. Is this situation the result of companys marketing strategies or is it determined by consumer perception?
3. What is the role of recent advertising campaigns in the European market? And in USA
Contesto socio- economico e politiche di marketing
Nigeria - Nokia 1200
- Multi phonebooks, for multiple users
- Flashlight, to be used when there is a power failure
- Call tracker, to set the time limit of a call
- SMS languages not only in English but also in
Hausa, Igbo, Yoruba, ecc.
14
Creating
value for
consumers
Setting prices in an international context: the problem of price escalation
Tactics for
countering price escalation
Rationalizing the distribution process
Lowering the export price from the factory
Establishing local production of the product
Pressurizing channel members to accept
lower profit margins
Price and the internet
Comparison Shopping for Plasma TV Made Easy with Historic Pricing Charts.
Source: http://www.nextag.com/LG-42PC5D-42-High-540181875/price-history-html
--- Maximum
--- Median
--- Minimum
--- Maximum
--- Median
--- Minimum
Objectives, strategies and pricing policies
There are a number of strategic alternatives or approaches to setting
international prices:
cost versus market based approach
new product pricing: skimming versus penetration pricing
standardization versus adaptation approach
Pricing for new products with innovative features and benefits:
Market skimming pricing Pricing strategy used for new products that have unique
features and benefits over the competition.
A high price is set for the new product to skim the maximum
price and generate the most profit.
Market penetration pricing Initial low price to penetrate the market and convert as many
buyers onto the new product and grab a large market share.
This is a short-term strategy that is dangerous and needs to be
supported by a robust range of products to leverage against.
Different countries: same price (standardization) or not (differentiation)?
Price dumping
Dumping is defined as selling products in other countries markets below cost or
below domestic prices, with the objective of obtaining relevant market shares in
the foreign countries.
However, dumping is controlled by many rules developed both at national (to
hedge local companies against dumping) and international levels. Since the
creation of the WTO in 1995 anti-dumping activities have been strongly
reduced.
Nevertheless anti-dumping investigations are still numerous, with China being
the biggest target
Price dumping: some examples
Global Anti-dumping initiations from 1980 to 2007 (first half)
Source:
http://www.antidumpingpublishing.com/uploaded/documents/CSDocuments/GTP%202007
%20(update%20Oct%202007).pdf
Price dumping: some examples
Main targets of anti-dumping initiations from 1995 to 2006
Source:
http://www.antidumpingpublishing.com/uploaded/documents/CSDocuments/GTP%202007
%20(update%20Oct%202007).pdf
Target Investigations (n) Target Investigations (n)
China, P.R. 536 Germany 78
Korea, Rep. of 229 Malaysia 72
United States 175 EU 63
Chinese Taipei 173 Ukraine 59
Japan 135 South Africa 54
Indonesia 130 Italy 44
India 127 Spain 42
Thailand 120 Singapore 41
Russia 101 UK 41
Brazil 92 Mexico 39
http://www.antidumpingpublishing.com/uploaded/documents/CSDocuments/GTP 2007 (update Oct 2007).pdfhttp://www.antidumpingpublishing.com/uploaded/documents/CSDocuments/GTP 2007 (update Oct 2007).pdf
Gray marketing / parallel imports
A parallel import occurs when:
- channel members located in low price markets, not under the strict control of the
manufacturer, resell its products to market areas for significantly higher prices.
-In another type of gray marketing, a company manufactures a product in its home-
country market as well as in foreign markets.
In this scenario, products manufactured by the companys foreign affiliate for sales
abroad are sold by foreign distributors to gray marketers, who bring the products
into the producing companys home-country market to compete with the
domestically produced goods.
- In both cases, the marketing opportunity that presents itself requires gray market
goods to be priced lower than goods sold by authorized distributors or
domestically produced goods.
Transfer pricing
Transfer pricing is the price set and paid for products
shipped between units of the same organization.
The unit can be a division, a foreign subsidiary or a joint
venture. Not only will these prices determine duties and
taxes that are relevant for customs and tax authorities, but
also will they affect the profitability of the divisions
involved in intra-corporate exchange.
The latter is particularly critical when the foreign unit is an
intermediary, whose financial performance strongly
depends on transfer price levels.
Countertrade
A $ 9 billion barter deal
The Democratic Republic of Congo is trading with the China Railway
Engineering Corporation, a Chinese state-owned company. The objective
is to plan a new road which will be the first endeavor of the biggest single
deal Chinas ever done in Africa, worth $9 billion.
DR Congo will benefit from $6 billion of desperately needed infrastructure
about 2,400 miles of road, 2,000 miles of railway, 32 hospitals, 145
health centers, and two universities. In return, China will receive precious
natural resources to feed its booming industries 10 million tons of
copper and 400,000 tons of cobalt.
Source: Barter News, $9 Billion Barter Deal, 04/19/2008, retrieved on December 4th from
http://www.barternews.com/9_billion_dollar_barter_deal.htm
Countertrade
Countertrade is an umbrella term which encompasses the
trading/exchange of goods or services without using
currency.
A variety of trading practices are included, from the simple
exchange of goods for goods at an agreed value (barter) to
more complex export transactions.
Promotion and Advertising
Setting the promotion mix
Toyota
Suggested marketing:
MR2 Sports Car
Translation in French: M-R-deuxsounded like merde
Mercedes Benz
Pre-launch marketing: The Vision GST (Grand Sports Tourer) concept
for a minivan
In Canada: GST is associated with the highly unpopular Goods and
Services Tax