The Chinese Are Not Big Consumers of Dairy Products

question 88

Multiple Choice

The Chinese are not big consumers of dairy products. In China, Frito-Lay introduced its popular Cheetos snack food as cheeseless and consisting of flavors such as "Savory American Cream" and "Zesty Japanese Steak." This action taken by Frito-Lay is an example of

• A) a successful adaptation to cultural differences.
• B) American markets reaching saturation.
• C) a takeoff on a popular theme used in the United States.
• D) the dramatic changes that have taken place in China.

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Definitions:

Equilibrium Quantity

Equilibrium Quantity is the quantity of goods or services that is supplied and demanded at the point where the supply and demand curves intersect, indicating a market balance.

Champagne

A sparkling wine produced from grapes grown in the Champagne region of France under certain regulations.

Alcohol Law

Legislation governing the sale, consumption, and distribution of alcoholic beverages within a jurisdiction.

Taco Shops

Restaurants or food outlets specializing in serving tacos and related Mexican cuisine, often characterized by their variety and regional flavors.