Which of the Following Statements Is True in the Context

question 63

Multiple Choice

Which of the following statements is true in the context of local demand conditions?

• A) Companies are typically least sensitive to the needs of their closest customers.
• B) Home demand plays little role in helping companies upgrade their national competitive advantage.
• C) A nation's companies gain competitive advantage if their domestic customers are sophisticated and demanding.
• D) The characteristics of international demand alone shape the attributes of a company's products; not local demand.
• E) Local demand characteristics have little role to play in creating pressure for innovation and quality.

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Definitions:

Good Faith

An honest intention to act without taking an unfair advantage over another party, often a principle in contract law.

Improper

Not according to the legal standards or rules; incorrect or inappropriate.

Voidable

A contract or transaction that is voidable can be legally nullified or cancelled by one of the parties involved, often due to reasons like misrepresentation or lack of capacity.

Misrepresentation

A false statement of fact made by one party to another, which has the effect of inducing that other party into a contract.