Because Coca-Cola, Nestle, and PepsiCo All Sell a Product (Bottled

question 33

Multiple Choice

Because Coca-Cola, Nestle, and PepsiCo all sell a product (bottled water) that is essentially the same and all three giant companies are engaged in battles for market share using incremental changes in their products and seeking loyalty to brand names, it is most likely that the bottled water market is a(an)

• A) slow-cycle market
• B) standard cycle market.
• C) fast-cycle market.
• D) intermediate-cycle market.

Identify the leading exporters and importers in global trade.

Understand the trade feedback effect and its significance for international trade.

Analyze the challenges of international trade, including tariffs, quotas, and protectionism.

Evaluate the ethical considerations and arguments for and against protectionism.