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Week 5 Assignment_ Global Management Perspective

Week 5 Assignment_ Global Management Perspective

Q What are the three major markets that exist in all foreign markets? Describe the markets and provide examples of each.

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The major markets that exist in all foreign markets are the consumer markets, industrial markets, government markets. When the economy of a country is talked about, it generally means the combination all the three markets states above. When a corporate is planning to enter the foreign market it has to be taken into consideration that whether it will target a specific market or target the combination of two or three. Ultimately it will depend upon the type of product which the company is offering and its transferability that will decide which market segment will be targeted (Calof, & Beamish, 1995).