Global markets may generally be categorized as one of the following market types, except a)...

Question:

Global markets may generally be categorized as one of the following market types, except

a) fast-paced market

b) relationship-based markets

c) established markets

d) developing market

Globalization:

Globalization has given birth to global markets. It is the process of integrating and interacting of people and organizations worldwide.

Answer and Explanation:

Global markets may generally be categorized as one of the following market types, except

  • d) developing market

Global markets are those markets where buyers and sellers come together at worldwide platforms. These markets are not regionally or geographically bounded. Interactions takes place quickly, mostly through online modes such as e-commerce. These are established markets and are running successfully, with interventions of global and local facilitating parties like WTO. Relationship based marketing is an essential feature of such market as through electronic modes, it has become easier to personally interact and communicate with customers, creating one-to-one relationships.


Learn more about this topic:

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Benefits & Costs of the Globalization of Business

from Business 108: Business Ethics

Chapter 16 / Lesson 3
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