I Don't Need to Worry About Global Business Because I

question 5

True/False

I don't need to worry about global business because I can just do my job in my country and not plan on traveling and dealing with other nationalities.

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Definitions:

Market Development

Strategies aimed at increasing the market size for a product or service through new market segments or new geographies.

Market Penetration

A measure of the extent to which a product or service is recognized and purchased by customers within a particular market.

Market Penetration

A growth strategy where a company focuses on selling existing products within existing markets to gain a higher market share.

Product Development

The process of creating, designing, and rolling out new products or improving existing ones to meet customer needs.