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.
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Answer:
True
Explanation:
In Indirect exporting the company sells its product to an intermediary who sales either directly to customer or to the wholesaler. Company require no capital investment therefore there no involvement of equity investment. Low risk because all the gains or losses are transferred to intermediary by selling the product. Low rate of return due to intermediary return portion decrease the contribution from the sale of product. There is little control over the market because of the company's absence in foreign market.
Out of the over 20,000 that apply only about 2,000 go to Princeton a year!
Answer:
production.
Explanation:
Based on this model, households earn income when firms purchase resources from them. Households own labor (individuals' work) and capital (savings and investments) resources.
Firms earn income when households purchase goods and services from them.
Selfish employee because she doesn’t want to work for the good of the company, she just want the good for her