A Global Product Meets the Wants and Needs of a Global

question 75

Multiple Choice

A global product meets the wants and needs of a global market, including the Triad which includes the following countries:

• A)Brazil, Russia, and China.
• B)Japan, Western Europe, and the United States.
• C)China, the United States, and Europe.
• D)China, India, and Brazil.
• E)Japan, China, and Western Europe.

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Definitions:

Total Revenue

The amount of money generated from sales of goods or services before any expenses are subtracted.

Variable Costs

Costs that change in proportion to the level of production or sales activities of a business.

Fixed Costs

Business expenses that remain constant regardless of the level of goods or services produced.

Unit Variable Cost

The financial outlay linked to the creation of one more unit of a product.