Until a Few Decades Ago, American Consumers Had Only One

question 4

Multiple Choice

Until a few decades ago, American consumers had only one choice for telephone services. Today, however, consumers can choose from many telephone and data services providers. This increase in the number of service providers indicates an increase in _____.

• A) customer share
• B) share of wallet
• C) competitive intensity
• D) consumer inertia

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Definitions:

Multinational Corporations

Corporations that own or control production of goods or services in one or more countries other than their home country.

Threat Of Expropriation

The risk that a government will seize private assets or significantly alter their value through regulations or other actions.

Inventory Holdings

The total value or quantity of all the goods a company has in stock, representing a significant component of its assets.

Exchange Rates

The rate at which one currency can be exchanged for another, which can fluctuate based on economic factors, market demand, and geopolitical events.