Five Developments in the Past Decade Have Significantly Influenced the Landscape

question 105

Multiple Choice

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

• A)the presence of a networked global marketspace.
• B)an elimination worldwide of tariff and quotas.
• C)a more aggressive attitude toward regulating international banking.
• D)a sharp decline in economic espionage.
• E)a gradual dissolution of unpopular trade agreements.

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Definitions:

Fixed Expenses

Costs that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.

Net Income

The sum of a company's income once all costs and taxes are subtracted from its total revenue.

Variable Expenses

Costs that vary in direct proportion to changes in the level of activity or volume of goods produced.

Fixed Expenses

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance premiums, providing stability in financial planning.