ENTREPRENEURIAL PLANNING
MARKETING PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is a reason why companies engage in international marketing?
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To avoid competition
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To increase costs
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To take advantage of growth opportunities
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To limit expansion
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Explanation:
Detailed explanation-1: -large market size. stability through diversification. profit potential. unsolicited orders. proximity of market. excess capacity. offer by foreign distributor. increasing growth rate. More items
Detailed explanation-2: -The most common goal of companies going international is to acquire more customers, boost their sales, and increase their revenues.
Detailed explanation-3: -Reduced dependence on your local market. Increased chances of success. Increased efficiency. Increased productivity. Economic advantage. Innovation.
There is 1 question to complete.