Means Marketing a Product in a Foreign Market Without Making

question 14

Multiple Choice

means marketing a product in a foreign market without making any changes to the product.

• A) Communication extension
• B) Product invention
• C) Product adaptation
• D) Straight product extension
• E) Communication adaptation

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Definitions:

Consume Less

A behavioral or economic principle where individuals or entities choose to purchase or use fewer goods and services, often to save money or reduce environmental impact.

Comparative Advantage

Comparative Advantage is an economic theory suggesting that countries should produce and export goods for which they have a lower opportunity cost compared to other countries.

Opportunity Cost

The forgone value of what you give up when you make a choice.

Total Output

The aggregate quantity of goods and services produced within an economy over a specific period, reflecting the economy's overall productivity.