Which of the Following Is an Example of the Primary

question 46

Multiple Choice

Which of the following is an example of the primary attribute of a product?

• A) The ability of a camera to take a picture.
• B) The design and form factor of a phone.
• C) The color of a laptop.
• D) The prestige associated with driving a car.
• E) The eco-friendly functioning of a digital watch.

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Definitions:

Countertrade

A form of international trade in which goods or services are exchanged for other goods or services rather than for hard currency.

Dumping

Selling a product for a price less than the cost of production to capture market share and force competitors out of the market.

Transfer Pricing

The setting of prices for transactions between affiliated companies within the same multinational corporate structure, affecting financial and tax reporting.

Global Brand Strategy

The approach to creating and maintaining a consistent brand identity and message across different countries and cultures, while accommodating local tastes and preferences.