Differences in Consumer Tastes and Preferences, Differences in Infrastructure and Traditional

question 88

Multiple Choice

Differences in consumer tastes and preferences, differences in infrastructure and traditional practices, differences in distribution channels, and host government demands are factors pressuring firms to be sensitive to ______________ in their international strategies.

• A)be locally responsive
• B)be globally standardized
• C)be cost sensitive
• D)to integrate more "commodity" like features
• E)be politically neutral

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Definitions:

Wealthiest Elite

A small group of people with significant wealth and power within a society, often exuding considerable influence in economic, political, or social realms.

Rice

A staple food grain consumed worldwide, known for its versatility in various cuisines and as a major agricultural product in many countries.

Quakerism

A religious movement formally known as the Religious Society of Friends, which emphasizes direct personal experience of God within one's soul.

Equality

A situation where status, rights, and opportunities are the same for everyone.