Which of the Following Is NOT a Factor Driving Local

question 19

Multiple Choice

Which of the following is NOT a factor driving local responsiveness among global firms?

• A)cross-national differences in distribution channels
• B)diverging consumer tastes and preferences
• C)cross-national differences in product standards
• D)host government support of freer international trade

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Definitions:

Duopoly

A two-firm oligopoly.

Demand Curve

A graph depicting the relationship between the price of a good and the quantity demanded by consumers, typically sloping downwards from left to right.

Competing Firm

A company that produces goods or services that are similar to those of another company, thereby participating in the same market.

Colluding Oligopoly

A market situation where a small number of firms agree to manipulate market conditions, such as price or output, for mutual benefit.