Most Companies Have Used the _____ to Successfully Enter Foreign

question 79

Multiple Choice

Most companies have used the _____ to successfully enter foreign markets.

• A)phase model of globalization
• B)global new venture technique
• C)ripple method
• D)market echo approach
• E)guerrilla approach

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Definitions:

Loyal Users

This term describes consumers who repeatedly choose and prefer a particular brand or product over competitors, often due to satisfaction, trust, or perceived value.

Repositioning

The strategy of altering the market position of a product or brand to target new demographics or change consumer perceptions.

Brand's Position

involves the unique place a brand occupies in the minds of consumers, distinguishing it from competitors in terms of attributes, benefits, or values.

Re-launching

The act of reintroducing a product, service, or brand to the market with significant updates or changes to its presentation, formulation, or positioning.