Which of the Following Is a Successful Exporting Strategy Used

question 9

Multiple Choice

Which of the following is a successful exporting strategy used by 3M?

• A) Add additional products once exporting becomes successful.
• B) Enter many markets at one time to gain maximum exposure.
• C) Bring in expert marketing specialists to promote the firm's products.
• D) Enter on a large scale to flood the market.

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Definitions:

Marketing Firm

An organization specialized in creating, implementing, and managing marketing strategies and campaigns for its clients to enhance their market presence.

Four Ps

The marketing mix concept that consists of Product, Price, Place, and Promotion, used to guide business marketing strategies.

Marketing

The activities and processes for creating, communicating, delivering, and exchanging offerings that have value for customers and society at large.

Monetary Price

The specific amount of money required to purchase a product or service.