Which of the Following Is Responsible for the Emergence of Enormous

question 28

Multiple Choice

Which of the following is responsible for the emergence of enormous global markets for standardized consumer products such as McDonald's hamburgers, Coca-Cola, and GAP clothes?

• A) Global marketing strategies
• B) Lowered tariffs and the removal of trade barriers
• C) Modern communications and transport technologies
• D) Significant differences in consumer tastes and preferences
• E) The infrastructure or traditional practices among countries

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Definitions:

Spot Rate

The current market price at which a particular asset can be bought or sold for immediate delivery.

Closing Rate

The spot exchange rate at the end of the reporting period.

Functional Currency

The currency of the primary economic environment in which an entity operates, typically used in its financial reporting.

Foreign Currency Transaction

A transaction that is denominated or requires settlement in a foreign currency.