For Many Product Categories, Consumer Needs Are Very Similar Across

question 102

Multiple Choice

For many product categories, consumer needs are very similar across countries.In some categories (e.g., luggage, courier services, and tablet computers) , consumers search for the same kind of functional benefits around the world.Which of the following factors that favor globalization of product, would most accurately be associated with this trend?

• A)common customer needs.
• B)global customers.
• C)scale economies.
• D)time-to-market.
• E)Europe 1992 and other Regional Market Agreements.

---

Definitions:

Highly Skilled

Describes individuals or workers who possess a high level of expertise, education, or training in a specific area or profession.

Psychological Contract

The unwritten, implicit expectations and beliefs about the employment relationship between an employer and their employees.

Human Resource Management

The strategic approach to the effective management of people in an organization to help the business gain a competitive advantage.

Individual Growth

The personal development and maturation of skills, knowledge, and understanding over time.