Which of the Following Statements Is Incorrect Regarding Benetton Group

question 58

Multiple Choice

Which of the following statements is incorrect regarding Benetton Group?

• A)Benetton faces increased competition from Sweden's Hennes & Mauritz (H&M).
• B)Benetton faces increased competition from Spain's Zara.
• C)Benetton's business involves partnerships with regional sales agents.
• D)Benetton's business model is suited for emerging markets.
• E)Benetton's business model needs adjustment for emerging markets.

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Definitions:

Values

Fundamental beliefs or standards that guide behavior and decision-making, reflecting what is important to an individual or organization.

Opinion Leaders

Individuals who exert an unequal amount of influence on the decisions of others because they are considered knowledgeable about particular products.

Individualism Or Collectivism

A cultural element that describes whether a society values personal goals and independence (individualism) or prioritizes group goals and cohesion (collectivism).

Perception Process

Involves the organization, identification, and interpretation of sensory information to understand the environment and events.