Which of the Following Statements Is True Regarding the Globalization

question 21

Multiple Choice

Which of the following statements is true regarding the globalization of markets?

• A) As a result of the globalization of markets, tastes and preferences of consumers in different nations are beginning to differ more.
• B) By offering the same basic product worldwide, firms fail to create a global market.
• C) There still exist significant differences among national markets along many relevant dimensions, including distribution channels, culturally embedded value systems, and legal regulations.
• D) The most global of markets are not typically markets for industrial goods and materials, but markets for consumer products.
• E) A company has to be the size of a multinational giant, such as Citigroup or Coca-Cola, to facilitate, and benefit from, the globalization of markets.

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Definitions:

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