Task 7 Global Markets – Sales and Marketing

Global Marketing and Global Marketing Strategies
Why would a company be concerned about global marketing? What are some examples of global marketing strategies? What happens when global marketing does not work? What are the results for the company?

SAMPLE SOLUTION

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Global marketing is a concern for businesses on various grounds. With increasing globalization, making the world a global village, businesses are increasingly striving to increase their customer bases by adopting global marketing strategies. Global marketing enables businesses to expand consumer awareness of their products and services beyond their national borders, exposing the brand to a large market. Besides, businesses become concerned about global marketing in pursuit of gaining competitive advantages over their rivals. Also, when businesses desire to reduce their operational costs and increase savings, they look to global marketing from where they can attain economies of scale and…

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