Which of the Following Factors Hinders Globalization of Consumer Goods

question 79

Multiple Choice

Which of the following factors hinders globalization of consumer goods market?

• A) National differences in tastes and preferences
• B) Higher production costs in developed nations
• C) Homogenization of material culture
• D) Increasing outsourcing of goods and services

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Definitions:

Scuba Tanks

Cylinders containing compressed gas, typically air or a specialized gas mixture, used by scuba divers to breathe underwater.

Exchange Rate

is the value of one currency for the purpose of conversion to another, determining how much of one currency can be exchanged for another currency.

Trade Deficit

A situation where a country's imports of goods and services exceed its exports, leading to a negative balance of trade.

U.S. Dollar Price

The cost of an item or service expressed in terms of the United States currency.