The US Is the Largest Single Market in the World in in Terms

question 232

Multiple Choice

The U.S. is the largest single market in the world in terms of national income. It represents roughly 25 percent of the total world market for all products and services. Thus, U.S. companies that wish to achieve maximum growth potential must "go global" because 75 percent of the world market potential is outside their home country. Warren J. Keegan and Mark C. Green, Global Marketing

• A) Argument; conclusion: U.S. companies that wish ... must "go global."
• B) Argument; conclusion: It represents ... products and services.
• C) Argument; conclusion: 75 percent of the world market ... home country.
• D) Nonargument.
• E) Argument; conclusion: The U.S. is the largest ... national income.

---

Definitions:

Development

The process of growth, progress, or evolution, often referring to economic, social, psychological, or biological advancements.

Theories

Systematically organized knowledge applicable in a wide variety of circumstances, especially to explain the nature or behavior of a specific set of phenomena.

Discovered

The process of uncovering or finding something unknown or unrecognized.

Nature

The collective manifestations of the physical realm, encompassing flora, fauna, terrains, and various natural formations and outputs of the planet, in contrast to entities or constructs made by humans.