Which of the Following Is an Important Cultural Factor That

question 42

Multiple Choice

Which of the following is an important cultural factor that should be considered by global marketers?

• A)competitive values
• B)language
• C)natural resources
• D)technology uptake

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Definitions:

Efficient Allocations

The process of distributing resources in a way that optimally utilizes them to achieve maximum productivity and utility without any wastage.

Federal Gasoline Tax

A tax imposed by the federal government on the sale of gasoline, used primarily to fund transportation infrastructure projects like highways and bridges.

Substitutes

Products or services that can replace each other in use, such that an increase in the price of one leads to an increase in the demand for the other.

General Equilibrium

A condition in economics where supply and demand are balanced across all markets in the economy simultaneously.