GLOBAL MARKETING

Global marketing

Abstract

Global marketing is defined as the sale of goods or services to any corner of the globe. Being involved in the global market is very significant if you want your business to succeed and grow. Over ninety percent of all companies feel it is significant to send their employees to make concessions in other countries. This assist employees to better understand what is happening outside the U.S., which leads to motivation and growth. Trade with other countries is the subject of the global market. The global market consists of things like food, raw materials, clothing and technology. Also on the global market carry new way of becoming more like the entertainment market, which includes movies and sporting events. When it comes to shaping the global marketplace, there are many strategies that are used to increase the growth of a particular market. With the strategies there are also forces that influence the market and how it behaves. World Trade Organization is important in that it focuses on mediation of trade disputes between nations. Another important factor that affects relations between the world market in the United States and the European Union.



Global marketing

Introduction

Trade with other countries is important for many reasons. First, no country can produce all products of their people want or need. Second, some countries have an great quantity of resources of the nation while the other advanced technologies. Free trade is an agreement between two countries or the region in which they both agree to waive all or nearly all tariffs, quotas, special charges and taxes, and other trade barriers between the actors. The goal of free trade, more quickly and the business relationship between the two countries or regions should benefit both. There are many advantages of free trade, such as the global market has more than six billion potential customers for goods and services. It helps companies become more competitive, leading to the innovation of new products. Another advantage of free trade is a continuous flow of capital, giving the country access to foreign investment, which helps keep interest rates low. Global competition and cheaper imports and curb price increases, contributing to inflation(Lamont, 2006).

Although there are many advantages of free trade there are also some disadvantages. Domestic firms may lose their comparative advantage, as competitors to build highly developed production operations in low-wage countries. In addition, operations to move abroad because of competitive pressure often means the loss of jobs in services and growth of white-collar job. Domestic workers may also lose their jobs because of increased imports. Free trade is a concept widely discussed reasons why you should look both advantages and disadvantages, and decide what is best for your business.

Industrialization, advanced transportation, globalization, multinational corporations and outsourcing have all had a significant impact on the international trading system. The growth of international trade is vital revenue for any nation, which is considered a world power. Nations without international trade will be limited to goods and services produced within their own ...