Which Is Not a Reason for the Global Strength of U.S

question 66

Multiple Choice

Which is not a reason for the global strength of U.S. brands?

• A)There are few tariffs levied against U.S. brands imported into other countries.
• B)The Internet and the language associated with it are rooted in American brands and American imagery.
• C)American companies collectively benefit from the success of U.S. tech companies.
• D)The U.S. economy rebounded from the most recent financial crisis at a slightly faster pace than many European countries.
• E)Social networking sites have been important tools in promoting American brands internationally.

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Definitions:

Product Development

Product development is the complete process of bringing a new product to market, encompassing idea generation, concept testing, design, engineering, production, and marketing.

Market Development

Market development is a growth strategy where a business seeks to sell its existing products into new markets to attract additional customers.

Diversification

The process of a business enlarging or varying its range of products or field of operation to reduce risk and increase profit.

Market Penetration

Strategies aimed at increasing the market share of a product or service within existing markets.