Submit your written answers to the following questions by End of Day, Mar 23. Your submission should be 3-5 pages double spaced. Post ihere 

1. Periods of inflation require firms to alter their marketing mix. Suppose a recent economic forecast expects inflation to be almost 10 percent during the next 18 months. Your company manufactures hand tools for the home gardener. Write a memo to the company president explaining how the firm may have to alter its marketing mix.
2. What are the major barriers to international trade? Explain how government policies may be used to either restrict or stimulate global marketing.
3. The sale of cigarettes in many developed counties either has peaked or is declining. However, the developing markets represent major growth markets. Should U.S. tobacco companies capitalize on this opportunity?