Even though the nation faces political instability, the island of Pantay with its wide, expansive beaches is a destination hub for cruise lines. Recently, a large theme park company showed strong interest in buying land in Pantay with the intent of building a park targeted toward families. The company wants to make a commitment to Pantay, including the hiring of several hundred local employees. The company is using a global marketing strategy called

Foreign Direct Investment is a type of investment into a country where the foreign investor establishes a presence by actually running and operating a company in the domestic country.

This is what the large theme park wants to do in Pantay. By making a commitment and hiring hundreds of locals, the company is intent on running a company on the island so this is Foreign Direct Investment.

andromache andromache · Answer 2 · 2021-09-15T08:31:22+02:00

The company that used the global marketing strategy is known as foreign direct investment.

The information regarding the foreign direct investment is as follows:

It is the acquisition of the interest in the company from a company or an investor that should be located outside of its borders.
It refers to the business decision for purchasing the stake in the foreign business or purchase them outright for expanding the operations to the new region.

Therefore we can conclude that the company that used the global marketing strategy is known as foreign direct investment.

Learn more about the strategy here: brainly.com/question/15860574