Which of the Following Statements Best Supports the Claim That

question 15

Multiple Choice

Which of the following statements best supports the claim that greater uniformity replaces diversity in the context of global markets?

• A)Differences in business systems and legal regulations lead companies to customize their marketing strategies, product features, and operating practices to best match conditions in a particular country.
• B)As rival global firms follow each other across countries, they bring with them their brand names, products, and marketing strategies from other national markets, thus creating homogeneity across markets.
• C)Truly innovative companies succeed by developing products that serve specific needs of the local markets.
• D)The volume of goods, services, and investment crossing national borders has expanded at a slower rate than world output for more than half a century.
• E)The most global of markets are not typically markets for consumer products, as significant differences in consumer tastes and preferences still exist among national markets.

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Definitions:

Virtual community

A group of people who share interests, values, or goals and interact with each other over the internet.

Reference group

A social group that an individual uses as a standard for evaluating themselves and their own behavior.

Social network

A structure made up of individuals or organizations called "nodes," which are connected by one or more types of interdependency, such as friendships, kinship, common interest, or relationships of beliefs, knowledge, or prestige.

Centrality

The importance, prominence, or influence of a certain point or element within a network or system.