Marketers Often Segment International Markets According to the Type and Stability

question 52

Multiple Choice

Marketers often segment international markets according to the type and stability of government. In such instances, they segment markets based on ________.

• A) geographic location
• B) economic factors
• C) cultural factors
• D) political factors
• E) sociocultural factors

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Definitions:

Sociology

The study of societal structures, relationships, and processes that influence human behavior and interactions.

Time

In economics, time is considered a valuable resource, affecting labor, production, and opportunity costs.

Boring Business

A term humorously used to describe industries or enterprises that are perceived as lacking excitement or innovation.

M.B.A.s

Master of Business Administration degrees, advanced educational qualifications aimed at providing individuals with knowledge about various aspects of business management.