Five Developments in the Past Decade Have Significantly Influenced the Landscape

question 13

Multiple Choice

Five developments in the past decade have significantly influenced the landscape of global marketing.One of them is

• A)an increase in most countries' GDP coupled with an increased degree of consumer ethnocentrism.
• B)a significant increase in economic protectionism and a decline in tariffs and quotas.
• C)a more aggressive attitude toward regulating international banking.
• D)a decrease in most countries' GDP and a renewal of nationalism.
• E)a growth in economic integration among countries.

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Definitions:

Cultural Backgrounds

The cultural experiences, practices, languages, values, and worldviews that shape an individual's identity and perceptions, influenced by the society and community they are raised in.

Poverty

Poverty is a state or condition in which a person or community lacks the financial resources and essentials for a minimum standard of living.

Races

Socially constructed categories that classify humans based on physical characteristics, ancestry, historical affiliations, or cultural aspects.

Ethical Guidelines

Standards of conduct that guide individuals' behavior within a profession, ensuring integrity, fairness, and respect towards others.