answersLogoWhite

0

Resource seeking refers to the strategy of companies or investors looking to acquire resources, such as raw materials, labor, or technological expertise, often in foreign markets to enhance their production capabilities. Market seeking, on the other hand, involves targeting new consumer markets to expand sales and reach new customer bases, thereby increasing revenue. Both strategies are essential for businesses aiming to grow internationally, as they align with different objectives: securing essential resources or maximizing market presence.

User Avatar

AnswerBot

34m ago

What else can I help you with?

Related Questions

What does the resource market represent?

The resource market represent a platform for exchange. People are able to exchange their products or services for money at the market.


What services does the Mouse Price website offer?

Mouseprice is an online resource for those seeking information on the property market in the UK. They offer up-to-date and comprehensive housing data.


The idea that firms and resource suppliers in seeking to further their own self interest in a competitive market economy also simultaneously promotes the public or social interest is a description of?

invisible hand


Difference between resource market and intermediate market?

To make it complex, resource market are the market that sell RAW materials, which can be divided into three type - Natural resource market, which sell all goods and service obtained from our environment, such as lumber, oil, and etc. - Human resource market, which mean the labor demand and supply (The needs of employees) - Financial resource market, which means the provision of finance service, such as banks While industrial market, sell goods and services that has been manufactured from industrial market As example, Resource market sell Lumber, and Intermediate market buy the goods that has been processed from Industrial market. Intermediate market consist of retailers and wholesalers. To make it easier to understand Resource market - Sell item from nature, or in form of labor. E.g Crops, oils, milk Intermediate market - Sell goods that "Resource market" sold to "industrial market" and has been processed by "Industrial market" e.G Resource market - "Chop trees" - gain lumber, and sell Industrial market - Buy lumber, manufacture "processed wood" from lumber Intermediate market - buy the processed wood and sell it to consumer


What is purchased by businesses in a resource market?

Businesses purchase the factors of production in a resource market, which are: capital, labor, land and entrepreneurship. (:


What is resource market in economics?

Danusy


What is the market cap for Resource Capital Corp RSO?

As of July 2014, the market cap for Resource Capital Corp. (RSO) is $719,632,141.47.


What is the market cap for Exeter Resource Corporation XRA?

As of July 2014, the market cap for Exeter Resource Corporation (XRA) is $66,305,814.75


What is the market cap for Alexco Resource Corp AXU?

As of July 2014, the market cap for Alexco Resource Corp (AXU) is $75,088,677.60


What is the market cap for Gold Resource Corporation GORO?

As of July 2014, the market cap for Gold Resource Corporation (GORO) is $287,692,449.39


What is the market cap for Augusta Resource Corporation AZC?

As of July 2014, the market cap for Augusta Resource Corporation (AZC) is $537,249,996.45


What is an example of a resource market?

Resource markets are when households sell and businesses buy, therefore, an example of a resource market is labor. Land, capital and entrepreneurial ability are also a few examples.