Thirst, a Beverage Manufacturer, Markets Its Products Worldwide Using the Same

question 84

Multiple Choice

Thirst, a beverage manufacturer, markets its products worldwide using the same strategy. However, the tagline in their ads and the music used in their jingles change according to the place. This is an example of _____.

• A) enculturation
• B) metric equivalence
• C) glocalization
• D) translational equivalence

---

Definitions:

Marginal Cost

The cost added by producing one additional unit of a product or service.

Long-Run Equilibrium

A state in which all factors of production are variable, allowing firms to adjust their inputs in response to market conditions, resulting in no firm having an incentive to enter or exit the market.

Allocative Efficiency

A state of resource allocation where goods and services are distributed according to consumer preferences, reflecting the highest possible welfare.

Economic Profits

Profits exceeding the opportunity costs of all resources employed, indicating above-normal returns.