CKPrahalad Argued That Countries at the Bottom of the Pyramid

question 3

Multiple Choice

C.K.Prahalad argued that countries at the bottom of the pyramid ______.

• A)deserve restitution from the colonial powers that historically exploited these countries
• B)should work with the United Nations to develop health programs for their impoverished people
• C)will soon be more economically powerful than the United States, France, and Germany combined
• D)represent a huge and largely untapped market with many business opportunities

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Definitions:

Last Recession

Refers to the most recent period of significant decline in economic activity across the economy, lasting more than a few months.

Winter

The coldest season of the year, occurring between autumn and spring.

Disinflation

A slowdown in the rate of inflation, marked by a gradual decrease in the general price level of goods and services over time.

Purchasing Power

The ability of an individual, firm, or group to purchase goods and services with a given unit of currency.