Which of the Following Is an Example of an Adverse

question 5

Multiple Choice

Which of the following is an example of an adverse supply shock?

• A)OPEC cuts oil production
• B)a large oil spill in the Gulf of Mexico
• C)a devastating hurricane off the Louisiana coast
• D)all of the above
• E)none of the above

Recognize the significance of catering to local tastes and preferences in global markets.

Distinguish between global brands and their marketing approaches.

Acknowledge the role of cultural, legal, and economic factors in shaping international marketing strategies.

Understand the impact of global consumer behavior on marketing strategies.

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Definitions:

Member Diversity

The presence of a variety of demographic, cultural, and personal differences among the members of a team or organization.

Team Effect

The impact or outcome resulting from the collective effort and dynamics of a group working together towards a common goal.

Shared Mental Model

A collective understanding among team members regarding their tasks, roles, and the overall environment that enhances coordination and performance.

Accurate

Refers to the correctness, precision, and freedom from error or mistakes in information, measurements, or outcomes.