Global Businesses Must Be Willing to Adjust and Adapt a Marketing

question 11

Multiple Choice

Global businesses must be willing to adjust and adapt a marketing program to a foreign market.In a broad sense,the environmental uncontrollable elements constitute the:

• A)problem.
• B)opportunity.
• C)culture.
• D)marketplace.
• E)commerce landscape.

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Definitions:

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price, where market supply and demand balance each other.

Supply Decrease

A situation in economics where the amount of a certain good or service that producers are willing to provide at a specific price level reduces.

Demand Decrease

A reduction in the quantity of a good or service that consumers are willing and able to purchase at various prices.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a certain price over a specific period.