After a firm has determined its position in the global market, it will typically seek to meet the needs of global markets by tailoring its marketing mix to the needs of consumers in individual markets.
<h3>What is global market?</h3>
Global market involves planning, producing, placing, and promoting a business' products or services in the worldwide market.
It is not limited to specific geographic locations but rather involves the exchange of good, services, and labor anywhere.
Examples of global markets are :
- Fast-moving consumer goods
- Clothing
- Automobiles
- Banking,
- Fast food companies
Hence, a firm will typically seek to meet the needs of global markets by tailoring its marketing mix to the needs of consumers in individual markets.
Learn more about global market here : brainly.com/question/20860719
Sorry, what does this mean?
Answer:
The entries are made as follows;
Explanation:
Service Revenue Dr.$4,350
Income Summary Cr.$4,350
(To close revenue account)
Income Summary
Supplies expense Dr.$910
Insurance Expense Dr.$540
Salaries and Wages Expense Dr.$1,770
Income Summary Cr.$3,220
(To close expenses)
Income Summary (4,350-3,220) Dr.$1,130
Retained Earnings Cr.$1,130
A. Companies have the information they need to effectively satisfy wants and needs in the marketplace.
Basically, "hearing the voice of the consumer" means taking the information that they have about what people want and actually putting the preferences of the consumer first.
Option D
In terms of the global marketplace there are three primary types of companies: international, multinational firms, and transnational firms
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Explanation:</u></h3>
Global marketing is larger than only trading a product internationally. Preferably, it covers the entire process of preparation, manufacturing, fixing, and selling a company’s goods in a worldwide market.
An international company is included in transporting and trading its goods and services to different nations, but other than shipping has no other financing in these other nations. All of the business purposes and headquarters reside in the country of origin, and there are no parts of the company across in any of the nations the market trades with.
