3.0 Implications of global market

What does operating on a global scale offer Boran-Mopack?

• Increased local competition

• Reduced export ambitions

• Decreased sales potential

• Larger potential target market

What challenge does Boran-Mopack face when expanding into global markets?

• Decreased need for market research

• Easier access to raw materials

• Increased competition from foreign companies

• Simpler logistics

What logistical aspect must Boran-Mopack consider when selling products abroad?

• Reducing communication with customers

• Ignoring import regulations

• Transportation methods and compliance with import regulations

• Local advertising only

Why does Boran-Mopack need to invest in training and technology?

• To increase production costs

• To engage better with international customers

• To avoid investing in modern communication methods

• To reduce product quality

What is required for Boran-Mopack to adapt products for foreign markets?

• Ignoring customer preferences

• Conducting thorough market research

• Limiting market expansion

• Decreasing product quality

What barriers might Boran-Mopack encounter in international trade?

• Less competitive pricing

• Simpler product adaptation

• Increased local market share

• Language and cultural differences

How can Boran-Mopack remain competitive in global markets?

• By increasing product prices

• By maintaining product quality and customer service

• By ignoring customer service

• By limiting market research

How does cultural diversity impact Boran-Mopack's marketing strategies in global markets?

• It has no impact

• Reduces the complexity of marketing campaigns

• Requires tailored marketing approaches for different cultures

• Encourages a single global marketing strategy