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

---

Definitions:

False Information

Incorrect or untrue data or statements that could be misleading or deceptive.

Camera Dealers

Specialists or businesses focused on the sale of cameras and related photographic equipment.

Restraint of Trade

Legal restrictions imposed on businesses to prevent unfair competition, monopolies, or practices harmful to the market.

Sale of Business

The process of transferring ownership of a business entity from one party to another.