question archive Which of the following strategy is the reason for companies to enter global markets? Big and attractive world market potential

Which of the following strategy is the reason for companies to enter global markets? Big and attractive world market potential

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Which of the following strategy is the reason for companies to enter global markets? Big and attractive world market potential. The market in home country is mature. A company may use market development strategy to grow its business. All of the above

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All of the above

Explanation:

A company may enter into glabal markets because of all of tye mentioned reasons. The first reason is that the company can see a great demand for its product in the foreign markets. The second could be that the existing local market has touched its saturation point and there is no further chances of any expansion there. The third reason can be that a conpany wants to expand its market base of any of its product, which is known as market development. Therefore, all reasons are correct.

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