Which of the Following Statements Is True of Culture and International

question 246

Multiple Choice

Which of the following statements is true of culture and international markets?

• A) Assuming cultural homogeneity across nations almost guarantees success in international markets.
• B) Planning strategies that consider cultural differences in international markets are simple and straightforward.
• C) Treating each foreign market as a separate market with its own submarkets and culture is a useful method in marketing.
• D) General human tendencies do not vary across cultures and therefore it is insignificant to consider cultural differences in international markets.
• E) Ignoring cultural differences is almost a guarantee of success in international markets.

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Definitions:

Future Value

The equivalence in value of a future asset or monetary sum to a specified current amount.

Accurate To The Cent

Describes a level of precision in financial transactions where amounts are calculated exactly to the smallest currency unit, such as a cent.

Compounded Quarterly

A technique for computing interest in which the interest is compounded to the principal balance quarterly.

Deposits

Deposits refer to the action of placing money into a bank or financial account or the sum of money placed.