Which of the following is an essential advantage of global marketing?

Get ready for the Leaving Certificate Business Test. Prepare with flashcards and multiple choice questions complete with hints and explanations to help you succeed. Ace your exam now!

Increased sales is indeed a fundamental advantage of global marketing. When businesses expand their marketing efforts internationally, they tap into new markets, reaching a broader audience beyond their local or national borders. This larger customer base allows companies to sell more products or services, potentially leading to higher revenue and profit levels. By entering different markets, businesses can diversify their income sources, which mitigates risks associated with economic fluctuations in their home country.

Realizing the potential for increased sales also means that businesses can leverage economies of scale in production and distribution, thereby enhancing their operational efficiency. Additionally, the opportunity to engage with diverse consumer preferences allows firms to innovate and tailor their offerings, further driving sales growth in a global marketplace.

In contrast, considerations like higher marketing costs, reduced product quality, and limited consumer reach do not represent advantages in global marketing and often pose challenges instead. High costs could detract from profitability, diminished quality could harm brand reputation, and limited reach would negate the very purpose of seeking international markets. Thus, increased sales stands out as an essential and positive outcome of global marketing strategies.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy