Question

Saturation of domestic markets in the industrialized parts of the world has forced many companies to look for marketing opportunities beyond their _______________.

Answer 1

Answer:

national borders.

Explanation:

Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace.

Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.

On a related note, the saturation of domestic (local) markets in the industrialized parts of the world has forced many companies into searching for better marketing opportunities beyond their national borders or shores of their country.

This ultimately implies that, as a result of having too many businesses in domestic (local) markets, many businesses have looked outwardly in search of better marketing opportunities by exporting their goods and services to foreign countries.

Export typically involves the sales of goods produced in a domestic country to a foreign country.