Pillsbury Has Developed Different Products for Its Various Global Markets

question 88

Multiple Choice

Pillsbury has developed different products for its various global markets. Which of the following statements offers a likely reason for its use of product invention?

• A)Manufacturers cannot protect product designs with patents in other nations.
• B)Globalization allows for rapid delivery of new products.
• C)Consumers in different countries use products differently.
• D)Various cultures respond to advertising messages differently.

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Definitions:

Credit Standards

The criteria that lenders use to determine the creditworthiness of potential borrowers.

Sub-prime Loans

Loans offered to individuals with poor credit histories or higher risk of default, often at higher interest rates.

Mortgage Default Rate

The percentage of home mortgages on which the borrower is late by ninety days or more with the payments on the loan or it is in the foreclosure process. This rate is sometimes referred to as the serious delinquency rate.

Foreclosure Process

The legal procedure by which a lender attempts to recover the balance of a loan from a borrower who has defaulted on their mortgage payments by forcing the sale of the asset used as the collateral for the loan.