Which of the Following Statements Best Explains Why Walmart Is

question 87

Multiple Choice

Which of the following statements best explains why Walmart is finding it difficult to replicate its existing business model in India?

• A) because of the political differences between India and U.S.
• B) because NAFTA prohibits Walmart from investing in countries outside North America
• C) because of the large economic distance between U.S. and India
• D) because Walmart's low-cost strategy has not been accepted by Indian consumers

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Definitions:

Consumer Surplus

The difference between the maximum price a consumer is willing to pay for a good or service and the actual price they pay.

Equilibrium

A state in which market supply and demand balance each other, and as a result, prices remain stable.

Market

A place or system where buyers and sellers interact to trade goods, services, or contracts, allowing for the exchange of resources.

Price

The monetary value assigned to the acquisition of a service or good.