What Effects Are Technological Forces Having on International Marketing? What

question 113

Essay

What effects are technological forces having on international marketing? What opportunities exist in the global marketplace that marketers can exploit with regard to technology?

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Definitions:

Total Costs

The combined amount of all the costs associated with the production of goods or services, including both fixed and variable costs.

Output

The quantity of products or services produced by a company, a sector, or an economy within a specified period.

Profit

The profit made when the income from a business operation surpasses the expenditures, costs, and taxes required to maintain that operation.

Zero Marginal Cost

Zero marginal cost describes a situation where producing one additional unit of a good or service does not increase the total cost of production.