When Attempting to Identify an Appropriate Overseas Market and an Appropriate

question 28

Multiple Choice

When attempting to identify an appropriate overseas market and an appropriate segment, socioeconomic variables should be considered.All of the following are socioeconomic variables that should be considered except:

• A)demographics.
• B)economic.
• C)geographic.
• D)econometrics.
• E)climatic characteristics.

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Definitions:

Range of Output

The spectrum of production output levels within a manufacturing or production process, from minimum to maximum, based on capacity, demand, and resource availability.

Diseconomies of Scale

Phenomena that occur when a company or business grows so large that the costs per unit increase, leading to inefficiency and increased per-unit costs.

Large Business

A corporation or conglomerate with extensive operations, high revenue, and a significant number of employees.