BUSINESS ADMINISTRATION
INTERNATIONAL MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Refers to the merging of cultures and the trend towards worldwide markets for goods and services.
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An exchange of goods and services to meet the requirements of the customers. it can include customer analysis in foreign countries and identifying the target market.
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A marketing concept which can be adopted by an organization as a strategy for business expansion
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Detailed explanation-1: -Globalization is the word used to describe the growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.
Detailed explanation-2: -Globalization means the speedup of movements and exchanges (of human beings, goods, and services, capital, technologies or cultural practices) all over the planet. One of the effects of globalization is that it promotes and increases interactions between different regions and populations around the globe.
Detailed explanation-3: -Globalization of markets refers to the merging of historically distinct and separate national markets into one huge global marketplace.
Detailed explanation-4: -Globalization of markets involves the growing interdependency among. the economies of the world; multinational nature of sourcing, manufacturing, trading, and investment activities; increasing frequency of cross-border.
Detailed explanation-5: -Globalization refers to the spread of the flow of financial products, goods, technology, information, and jobs across national borders and cultures. In economic terms, it describes an interdependence of nations around the globe fostered through free trade.