ENTREPRENEURIAL PLANNING
MARKETING PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Domestic marketing is easier
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International marketing requires different strategies
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Domestic marketing has fewer regulations
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International marketing is less expensive
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Detailed explanation-1: -Domestic marketing refers to marketing within the geographical boundaries of the nation. International marketing means the activities of production, promotion, distribution, advertisement and selling are extend over the geographical limits of the country. Sharing and use of latest technology.
Detailed explanation-2: -International marketing is the marketing of products or services outside of your brand’s domestic audience. Think of it as a type of international trade. By expanding into foreign territories, brands are able to increase their brand awareness, develop a global audience, and of course, grow their business.
Detailed explanation-3: -It is erroneous to state that domestic marketing and international marketing are similar in nature but not in scope. This is not unlike stating that national marketing and local marketing, except for the scope, are similar. International marketing is not domestic marketing on a larger scale.