Compare the Following Statements to Determine Which One Is Accurate

question 13

Multiple Choice

Compare the following statements to determine which one is accurate regarding marketing on a global scale versus marketing domestically?

• A)There is no difference between how products are marketed globally versus domestically.
• B)The external marketing factors that are considered when marketing domestically do not apply when marketing products globally.
• C)Most U.S. firms do not need to consider the global marketing environment in any context.
• D)Environmental scanning on a global scale is more complex than it is in the domestic environment.
• E)Small businesses are not affected by global trends like large corporations are.

---

Definitions:

Fixed Cost

Expenses that do not change with the level of output produced, such as rent or salaries.

Demand Curve

A graph displaying the relationship between the price of a good and the quantity demanded, typically showing that as the price decreases, the quantity demanded increases.

Cost Functions

Mathematical representations that describe how production costs change with changes in the level of output.

Monopolistic Competitors

Firms operating in a monopolistic competition market structure, offering products that are differentiated from those of rivals but not completely unique.