Which of the Following Statements Is Incorrect with Regard to the Importance

question 33

Multiple Choice

Which of the following statements is incorrect with regard to the importance of colonies for mercantilist nations?

• A) They served as sources of inexpensive raw materials.
• B) They served as markets for higher-priced finished goods.
• C) They served as a source of military protection.
• D) They served as a source of profits for mercantilist powers.

---

Definitions:

Bank of Nova Scotia

A multinational Canadian banking and financial services company also known as Scotiabank.

VALS Profile

A psychographic tool developed to categorize consumers into types based on their values, attitudes, and lifestyles to better understand buying behavior.

Drive

An innate or learned psychological factor that compels or motivates an individual's actions toward a particular goal.

Customer Value

How a customer views the value of a product or service compared to other available options.