CLEP Marketing

Category - International

As global economic competition and engagement increase, international marketing remains a challenge. Companies use the following strategies to conduct international marketing except
  1. Participating in cross-border ventures
  2. Giving distribution rights to foreign companies
  3. Increasing tariff payments on goods
  4. Issuing licensing agreements
  5. Conducting import and export
Explanation
Answer: C - As global economic competition and engagement increase, international marketing remains a challenge. Companies use the following strategies to conduct international marketing except increasing tariff payments. Increasing tariff payments on goods is considered a punitive action that reduces the likelihood of trade between companies. When countries engage in international marketing, they are essentially allowing company products and services to be presented to people in different cultures and with different languages. To do so, they must facilitate trade through the issuance of licensing agreements and by allowing cross-border ventures, imports, and exports.
Was this helpful? Upvote!
Login to contribute your own answer or details

Top questions

Related questions

Most popular on PracticeQuiz