What forces are responsible for the globalization of markets?
What will be an ideal response?
Mainly the following broad forces have led to globalization of markets. These include:
(a) Growing similarity of countries—Because of growing commonality of infrastructure, distribution channels, and marketing approaches, similar buyer needs manifest themselves globally.
(b) Falling tariff barriers—Bilateral and multilateral agreements and regional economic integration (for example, EU) have facilitated trade relations.
(c) Strategic role of technology—Technology is not only reshaping industries but contributing toward market homogenization.
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Forms of alternative media programs include the following, except:
A) buzz marketing B) online marketing C) product placement D) guerilla marketing
If a company is expected to survive, it is considered a going concern
Indicate whether the statement is true or false
A(n) __________ has features of a customs union but goes a step further by eliminating barriers that restrict the movement of labor, capital, and technology among member nations
a. valuation market. b. common market. c. import relief consortium. d. nontarrif consortium.
Lindsey, an emergency medical technician, is called to an accident scene by Nicole and renders medical care to Marvin, a minor. Lindsey may recover the cost from
A. the state. B. Marvin. C. Nicole. D. no one.