Two Factors Help Determine the Growth Potential of Foreign Markets

question 2

Multiple Choice

Two factors help determine the growth potential of foreign markets. They are foreign competition and:

• A) communications and transportation systems
• B) purchasing power
• C) political stability
• D) creative differences
• E) product diffusion rate

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Definitions:

Mainstream Economics

The most widely accepted and practiced theories and models in economics, focusing on market equilibrium, the rational behavior of economic agents, and the efficiency of markets.

Competition Exists

A state where multiple entities offer similar goods or services in the marketplace, striving to achieve greater customer satisfaction and market share.

Unequal Bargaining Power

A scenario in negotiations where one party has significantly more influence or resources than the other, leading to potentially unfair outcomes.

Human Resources School

An approach or perspective in organizational management focusing on employee welfare, motivation, and efficiency as key factors in achieving organizational success.