The theory of enterprise internationalization strategic management mainly includes the following four aspects: the theory of competitive advantage, the theory of resource foundation, the theory of dynamic capability, and the theory of enterprise strategic management [46]. Generally speaking, the internationalization behavior of enterprises can be summarized into two types: outward internationalization and inward internationalization. Internationalization mainly includes the following two aspects.
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2.2 The 4P Theory
The four P theory gives a better understanding of how to formulate the 4R theory. This will help Chinese automobile enterprises in the Middle East to properly situate themselves in the market.
Product is either a tangible good or an intangible service that is seem to meet a specific customer need or demand. All products follow a logical product life cycle and it is vital for marketers to understand and plan for the various stages and their unique challenges. It is key to understand those problems that the product is attempting to solve. The benefits offered by the product and all its features need to be understood and the unique selling proposition of the product need to be studied. In addition, the potential buyers of the product need to be identified and understood.
Price deals with the actual amount the end user is expected to pay for a product. How a product is priced will directly affect how it sells. This is linked to what the perceived value of the product is to the customer rather than an objective costing of the product on offer. If a product is priced higher or lower than its perceived value, then it will not sell. This is why it is imperative to understand how a customer sees what you are selling. If there is a positive customer value, than a product may be successfully priced higher than its objective monetary value. Conversely, if a product has little value in the eyes of the consumer, then it may need to be underpriced to sell. Price may also be affected by distribution plans, value chain costs and markups and how competitors price a rival product.
Place or placement involves how the product will be provided to the customer. Distribution is a key element of placement. The