Which Statement Is an Example of a Global Trend

question 19

Multiple Choice

Which statement is an example of a global trend?

• A)The South African Reserve Bank announces that it will decrease the interest rate it charges banks.
• B)Government passes legislation that increases the tax rates on companies.
• C)A new computer chip is announced that will allow for miniaturisation of many electronic devices.
• D)The EU declares an increase in tariffs on all agricultural goods.

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Definitions:

Product Development

Product Development involves refining and enhancing an existing product's features or developing new products to meet market demand or take advantage of market opportunities.

Market Development

A growth strategy where a company seeks to sell its current products in new markets or new segments of existing markets.

Growth Strategy

A growth strategy is a plan of action designed to increase the size and scope of a business, by expanding its market reach, product portfolio, or operations.

Market Penetration

A measure of the extent to which a product or service is recognized and purchased by customers within a specific market.