Which of the Following Is Characteristic of a Global Industry

question 53

Multiple Choice

Which of the following is characteristic of a global industry?

• A) A small number of major players compete head-on in multiple markets.
• B) Competition is designed on a country-by-country basis.
• C) Numerous firms compete within the industry worldwide.
• D) Different marketing activities are designed to meet local needs across the globe.

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Definitions:

Mental Activities

Tasks or operations involving cognitive functions such as thinking, reasoning, problem-solving, and remembering.

Conscious Processes

Mental activities of which an individual has awareness, involving perception, reasoning, and decision-making.

Respondent Behavior

Responses made to or elicited by specific environmental stimuli.

Operant Conditioning

The procedure by which a change in the consequences of a response will affect the rate at which the response occurs.