ENTREPRENEURIAL PLANNING
MARKETING PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To maximize profits
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To expand market share
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To increase brand awareness
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To sell more products
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Detailed explanation-1: -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-2: -By establishing a brand in other global markets, a business can acquire more consumers and get them familiarized with the brand to a point where the marketing does itself (recommendations, social media posts, etc.). Plus, by taking advantage of social media, businesses use less money for promotions.
Detailed explanation-3: -Attract foreign demand: Some companies are unable to increase their market share due to fierce competition within the industry. Utilize technology: Use of economic resources: International diversification: