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Global marketing is the process to adjust the strategies of marketing of any organisation such that it can adapt to the conditions of the rest of the world. As their arena of operations, global marketing consists of strategies that look at the entire world. It is a broader concept and not only includes the marketing of goods and services globally but includes many other things.
It consists of:
In this modern era with companies facing a high level of competition, it has become mandatory for them to enter into the global market. This is to ensure high sales and enhancement in the profitability of the companies. However, the products which are in demand universally will be traded at a global level.
It has become easy with the help of the internet that even small businesses along with big businesses can compete at international level. There are several ways through which entry can be made:
There are several benefits of global marketing like:
Some of the issues faced are:
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