When Products Are Introduced into One Nation from Another, Acceptance

question 99

Multiple Choice

When products are introduced into one nation from another, acceptance is far more likely:

• A) if prices are set very low.
• B) when bribes are paid to local officials to aid distribution.
• C) if there are many differences between the two cultures.
• D) if the country of origin has a positive image in consumers' minds.
• E) when retailers are given incentives to push the products.

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Definitions:

Consumption

The usage of resources or products for the purpose of satisfying human needs or wants.

Interest Rate

The amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal.

Income

The monetary payment received for one's work, investments, or other sources, primarily used for personal consumption, savings, and investment.

Present Value

The present value of an expected amount of money or sequence of cash flows, with a given return rate.