Which of the Following Scenarios Provides an Example of a Good

question 80

Multiple Choice

Which of the following scenarios provides an example of a good institution that is conducive to economic growth?

• A) In Haiti it takes an average of 203 days to start a business.
• B) In Zimbabwe, nationalization of private property can occur without warning.
• C) Entrepreneurs can invest more than $200,000 in Indian garment factories.
• D) In Peru it only takes 72 days and 32.5 percent of income per capita to start a business.

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Definitions:

Marketing Mix

The combination of factors that can be controlled by a company to influence consumers to purchase its products, typically comprised of the 4Ps: Product, Price, Place, and Promotion.

Easiest

Pertaining to the use or role of something being the most straightforward, requiring the least effort, difficulty, or complexity.

Promotion

Activities designed to increase the awareness, sales, and market share of a product or service.

Internet-Based Applications

Software programs that function online over a network and can be accessed through internet browsers.