Which of the Following Statements Best Describes Local Responsiveness

question 25

Multiple Choice

Which of the following statements best describes local responsiveness?

• A) the process of producing goods in one country and selling them in another
• B) the need to tailor product and service offerings to fit native consumer preferences and host-country requirements
• C) the belief that consumer needs and preferences throughout the world are converging and thus becoming increasingly homogenous
• D) the additional costs of doing business in an unfamiliar culture and economic environment, and of coordinating across geographic distances

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Definitions:

Federal Reserve

The central banking system of the United States, responsible for monetary policy, regulating banks, maintaining financial stability, and providing banking services to governmental institutions.

Stock Index

An indicator used to measure and report value changes in a selection of stocks, which represents a specific segment of the stock market.

Risk-Free Rate

The expected yield from an investment that carries no risk, commonly exemplified by state bonds.

Dividend

A portion of a company's earnings distributed to its shareholders, typically in the form of cash or additional shares.