Which of the Following Statements Is True in the Context

question 63

Multiple Choice

Which of the following statements is true in the context of local demand conditions?

• A) Companies are typically least sensitive to the needs of their closest customers.
• B) Home demand plays little role in helping companies upgrade their national competitive advantage.
• C) A nation's companies gain competitive advantage if their domestic customers are sophisticated and demanding.
• D) The characteristics of international demand alone shape the attributes of a company's products; not local demand.
• E) Local demand characteristics have little role to play in creating pressure for innovation and quality.

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Definitions:

Buddhism

A religion founded in India by Siddhartha Gautama, the Buddha (ca. 566–480 BCE), originally derived from Hinduism and teaching that suffering is the universal condition of human existence.

Desire

A strong feeling of wanting to have something or wishing for something to happen.

Calvin Coolidge

The 30th President of the United States, known for his quiet demeanor and a laissez-faire approach to government.

Investment

The action or process of investing money for profit or material result.