Which of the Following Is a Sociocultural Factor That a Company

question 35

Multiple Choice

Which of the following is a sociocultural factor that a company should consider before deciding to enter an international market?

• A) political stability
• B) population density
• C) education
• D) income distribution
• E) consumer lifestyles, beliefs, and values

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Definitions:

Legal

Pertains to the system of rules that are created and enforced through social or governmental institutions to regulate behavior.

Existing Duty

An obligation that a party is already legally bound to under the terms of a contract or by law.

Quantum Meruit

A legal principle where a person is compensated for services or goods provided when no contract exists, based on the value of the work done.

Satisfaction of Debt

The fulfillment or payment of a debt in its entirety, releasing the debtor from further obligations.