COMPARE AND CONTRAST THE GLOBAL MARKETS
There are certainly pros and cons of going global. For example, with a physical product, the pros might include selling in more volume and the cons may include having to manage the process and logistics. It might also be costly to set up geographic distribution and global marketing at these destinations. Of course, all of this will depend on the global market chosen to do business in and the pro and cons may be different by product and service.
With this in mind, create a 2-3 page response to the following:
- Identify and describe a global market
- Analyze pros and cons of entering this specific market
Your final assignment should be proofread for correct spelling, grammar, and punctuation. For more information on APA, please visit the Online Library, which is available through the Resources tab.
Answer preview
Global market refers to empowering the activity of buying and selling products and services in all the states of the world, which enables the international, national and local customers to meet valuables products, services, and solutions of their need, and finally upsurges company sales volume. Thus, global markets are excellent options for any company that offers products or services that have a universal demand, since the growth of global markets generally increases volumes of online global sales.
A global business market structure is an example of global markets, which primarily comprise the buying and selling of goods and services amongst business entities to be used by those commercials’ units (Gillespie & Riddle, 2015). Global business markets include business like car dealerships and clothing stores. Detroit…
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