trade show

(noun)

An exhibition organized so that companies in a specific industry can showcase and demonstrate their latest products and services, study activities of rivals and examine recent market trends and opportunities.

Related Terms

  • white paper
  • logistics
  • e-commerce
  • customer relationship management

Examples of trade show in the following topics:

  • Promotional Methods

    • B2B marketers use industry or trade publications, trade shows, private events, and social media to generate awareness about their products and services.
    • These publications are also placed in industry and trade media to produce favorable publicity.
    • In addition to trade shows and public conferences, seminars and workshops may also be held for potential and existing customers.
    • B2B companies usually conduct research and assess budgetary requirements before exhibiting at trade shows.
  • B2B Channels

    • Another channel, not as commonly used in business-to-consumer transactions, is that of trade shows .
    • A trade show provides a platform for many different companies in the same general industry to display their products for other businesses to buy.
    • A business will often purchase products at a trade show for use in their own products, making trade shows an important component of Business-to-Business transactions.
  • Defining Business Marketing

    • Industry white papers, trade shows, corporate websites, and webcasts are often used as promotional tactics to build brand awareness and generate leads.
    • For example, labels may be assigned to certain promotional elements (e.g., website, trade show) in the system to indicate where and how prospects converted to customers.
    • A trade show is a common promotional element in business marketing.
  • B2B Company Characteristics

    • In international trade, delivery risks, exchange rate risks, and political risks exist and may affect the business relationship between buyer and seller.
    • The former avoid mass market broadcasts and generally use media that can be targeted at a specific business audience, such as direct marketing distributed online or in trade magazines.
    • B2B companies are also present where their potential customers are, at trade shows, exhibitions, and other trade-related events.
  • Political and Regulatory Environment

    • Regional trading blocs represent a group of nations that join together and formally agree to reduce trade barriers among themselves.
    • The Association of Southeast Asian Nations (ASEAN) is an example of a regional trading block.
    • Such agreements are designed to facilitate trade through the establishment of a free trade area, customs union or customs market.
    • Free trade areas and customs unions eliminate trade barriers between member countries while maintaining trade barriers with non-member countries.
    • There are, however, some governments that openly oppose free trade.
  • Trade vs. Consumer Promotions

    • Trade promotions are targeted toward retailers while consumer promotions are targeted toward consumers.
    • Trade promotions are targeted toward retailers while consumer promotions are targeted toward consumers .
    • Trade promotions are marketing activities executed between manufacturers and retailers.
    • Point of purchase display (POP) is an end cap or center store display where retailers can show the products to customers to increase awareness.
    • Differentiate between trade and consumer promotions relative to a product's marketing mix
  • Trade and Globalization

    • Countries engage in international trade for two basic reasons, each of which contributes to the country's gain from trade.
    • The World Trade Organization (WTO) was formed to supervise and liberalize international trade on January 1, 1995 under the Marrakech Agreement.
    • If a government removes all trade barriers, a condition of free trade exists.
    • In 2008, China's two-way trade totaled US $2.56 trillion.
    • In 2001, it also joined the World Trade Organization.
  • Sales Promotion

    • A successful sales promotion is meant to prompt a targeted consumer group to show interest in the product or service, try it or ideally buy it.
    • There are two types of sales promotions; consumer and trade.
    • A consumer sales promotion targets the customer while a trade sales promotion focuses on organizational customers that can stimulate immediate sales.
    • Wholesalers, retailers and other organizational groups are offered a wide array of sales promotion devices such as trade allowances or short term incentives to encourage retailer to stock up on a product, dealer loaders incentivizing product purchase and display, trade contests for selling the most product, point-of-purchase displays to create impulse buying and spiffs or bonus commissions on certain products and trade or functional discounts paid to distribution channel members for conducting sales and special events.
  • Trade Allowances

    • Manufacturers with the best trade allowances will get the best displays in the hair salon.
    • Trade discounts are given to try to increase the volume of sales being made by the supplier.
    • A trade rate discount is offered by a seller to a buyer for purposes of trade or reselling, rather than to an end user.
    • A seller supplying both trade or resellers and the general public will have a general list price for anybody, and will offer a trade discount to bona fide trade customers.
    • Other trade sales promotion methods include trade contests, which are contests that reward retailers that sell the most products, and point-of-purchase displays, which are used to create the urge of "impulse" buying.
  • The Common Market of the Southern Cone (MERCOSUR)

    • The program also proposed the Gaucho as a currency for regional trade.
    • Intra-Mercosur merchandise trade (excluding Venezuela) grew from USD 10 billion at the inception of the trade bloc in 1991, to $88 billion in 2010; Brazil and Argentina accounted for 43% of this total.
    • Trade within Mercosur amounted to only 16% of the four countries' total merchandise trade in 2010, and trade with the European Union (20%), China (14%), and the United States (11%) was of comparable importance.
    • Merchandise trade with the rest of the world in 2010 resulted in a surplus for Mercosur of nearly $7 billion; trade in services, however, was in deficit by over $28 billion.
    • It is the fourth-largest trading bloc after the European Union.
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