Adaptation Is Defined as ________

question 57

Multiple Choice

Adaptation is defined as ________.

• A)the firm's efforts to make its marketing program elements uniform, with a view to targeting entire regions, or even the global marketplace, with the same product or service
• B)the firm's attempt at altering its organizational structure to facilitate internationalization
• C)the firm's efforts to modify one or more elements of its international marketing program to accommodate specific customer requirements in a particular market
• D)the firm's effort to minimize employee attrition by rewarding performance

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Definitions:

Infinitely Price Elastic

Describes a situation where the quantity demanded or supplied changes by an unlimited amount in response to any change in price.

Total Revenues

The overall amount of money generated by a business from its normal business operations.

Total Costs

The complete amount of money spent by a business for producing or acquiring goods or services, including both fixed and variable costs.

Economic Profits

Economic profits are the financial gains that exceed the total costs of production, including both explicit and opportunity costs, indicating an above-normal return.