Question

WHAT IS GLOBAL MARKETING? WHAT IS THEIR VISION...AND EXPLAINING ABOUT "REGIONAL FREE TRADE ZONE?

Answer 1

Global Marketing

Global marketing is about the process of marketing a product in the global market. It is not just the sales of products or services in the global market This includes the process of planning, producing, and placement of the product or services in the global market. It is a part of marketing where the marketer analyzes the global market and understands the needs of the customers and accordingly promotes the product or services in the global market.

The vision of global marketing

The vision of global marketing is to create a global market where the product and service of one country can be produced, promoted, and sold in the global market by understanding the global demand of the products and services. Every nation's economy should grow and contribute to the global economy.

Reginal free trade zone

Reginal free trade zone is the regional area where the products can be landed, stored and produced without the intervention of any custom officials and can be reexported from such zone that means no custom duty is imposed on such goods. This zone gets special relaxation and benefits in the trade laws and taxes because the governments want to promote the reginal trades and want to increase their contribution in the national economy.