A Gaming Console Developed by a U

question 10

Multiple Choice

A gaming console developed by a U.S.technology firm is priced at $500 in the United States.The firm markets a modified version of the product in the Indian market to decrease its costs and cater to low-income consumers.The factor that is influencing the product strategy of the firm is:

• A)economic development.
• B)cultural differences.
• C)media availability.
• D)trade sanctions.
• E)currency fluctuations.

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Definitions:

Weapons of Mass Destruction

Weapons capable of causing widespread death and destruction, typically nuclear, chemical, or biological weapons.

Bystander Apathy

The phenomenon in which people are less likely to offer help to a victim when other people are present.

Diffusion of Responsibility

A sociopsychological phenomenon whereby a person is less likely to take responsibility for action or inaction when others are present, often leading to a lack of action in group situations.

Ethnic Identity

A person’s identification with a racial or ethnic group.