Question

Which of the following statements accurately describes the relationship between global and domestic marketing?

A. They are completely independent.
B. Global marketing is a subset of domestic marketing.
C. Domestic marketing is a subset of global marketing.
D. They are interdependent and impact each other.

Answer 1

The relationship between global and domestic marketing is interdependent and they impact each other.

Step-by-step explanation:

The accurate statement that describes the relationship between global and domestic marketing is D. They are interdependent and impact each other.

Global marketing and domestic marketing are closely interconnected due to the shifts in technology and globalization. With the advancement in communication technologies, consumers can now order products from anywhere in the world, which increases competition for local businesses. Moreover, global markets provide opportunities for countries to expand their domestic economic production by selling goods and services in other countries.

For example, through international trade, a country's exports contribute to its total economic production, as measured by gross domestic product (GDP). The ratio of exports divided by GDP determines the share of a country's economic production that is sold in other countries. This highlights the interdependence and impact that global and domestic marketing have on each other.