When Examining Economic and Demographic Variables to Compare Countries' Sales

question 32

Multiple Choice

When examining economic and demographic variables to compare countries' sales potential for your product,you should also consider all the following EXCEPT which one?

• A) If countries depend heavily on the import of raw materials, what is the price of elasticity for the demand?
• B) Consumers in some countries may more conveniently substitute certain products than consumers in some other countries.
• C) Consumers in developing countries may leapfrog technologies by first purchasing the latest products.
• D) Trading blocs may enhance sales potential above what is indicated in individual country figures.

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Definitions:

Legally Binding Judgment

A final decision made by a court that legally requires adherence by the parties involved.

Referee

A neutral third party appointed to make a decision in a dispute.

Disputing Parties

Individuals, groups, or entities that are in conflict over a particular issue or set of issues, often leading to legal action or arbitration.

Arbitrator's Decision

A binding resolution made by an arbitrator or arbitration panel in a dispute resolution process outside of court.