Blue Corp., a car manufacturing company, reaches its five-year goal of becoming market leader in the domestic market. Upon reaching saturation in the local market, it decides to expand its market globally in order to increase its profits. Which of the following is likely to be the primary reason for Blue to enter the global market?

Question

Quizplus · Accepted Answer

Blue Corp.'s primary reason for entering the global market is likely to be sales growth, as it has already achieved its goal of becoming a market leader in the domestic market. By expanding globally, Blue Corp. can tap into new markets and increase its customer base, leading to higher sales growth and increased profits. Lower-cost resources, longer product life, and product differentiation may also be factors to consider, but sales growth is the most likely primary reason.

Blue Corp, a Car Manufacturing Company, Reaches Its Five-Year Goal of of Becoming