BUSINESS ADMINISTRATION
INTERNATIONAL MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Increased sales and profits
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Lower costs through international marketing
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Lower prices being charged
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Opportunities to enjoy economies of scale
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Detailed explanation-1: -Expanding internationally allows you to develop your brand’s reputation and increase your revenue in different markets. This revenue can be reinvested into your business and combined with global awareness of your brand, can help you become more competitive across all of the markets you operate in.
Detailed explanation-2: -Doing business in other countries can boost your company’s reputation. Successes in one country can influence success in other adjacent countries, which can raise your company’s profile in your market niche. It can also help increase your company’s credibility, both abroad and at home.
Detailed explanation-3: -What is dumping? Dumping is, in general, a situation of international price discrimination, where the price of a product when sold in the importing country is less than the price of that product in the market of the exporting country.