Impact of Key Marketing Tools on Global Car Market Development

https://doi.org/10.26552/com.C.2021.4.A264-A276

Keywords: impact, marketing tools, global car market, modelling, sales forecasting

Abstract

The purpose of the proposed study was to identify the functional patterns of influence of the marketing tools on sales of cars on the global market, to be able to predict sales volumes in the future, taking into account certain marketing tools that the company may use in a particular international market. For the purpose of this research the method of correlationregression analysis is used to construct the corresponding economic and mathematical models of impact on the sales volumes of various instruments of product, price, promotion policy, etc. Using the models offered in the article, the feasibility of introducing certain measures can be determined, when entering new markets in order to increase car sales. Each instrument to which potential buyers are sensitive determines the effect of its use. Considering this effect, budgets can be set up for appropriate action.

Author Biographies

Oleksandr Savych

Department of Marketing named after A. F. Pavlenko, Faculty of Marketing, Kyiv National Economic University named after Vadym Hetman, Kyiv, Ukraine

Tetiana Shkoda

Department of Department of Business Economics and Entrepreneurship, Faculty of Economics and Management, Kyiv National Economic University named after Vadym Hetman, Kyiv, Ukraine

Published
2021-10-01
How to Cite
Oleksandr Savych, & Tetiana Shkoda. (2021). Impact of Key Marketing Tools on Global Car Market Development. Communications - Scientific Letters of the University of Zilina, 23(4), A264-A276. https://doi.org/10.26552/com.C.2021.4.A264-A276
Section
Operation and Economics in Transport