Which of the Following Statements Regarding Global Brands Is Most

question 253

Multiple Choice

Which of the following statements regarding global brands is most accurate?

• A)A global brand has dispersed marketing centers, each of which is responsible for a specific region.
• B)A global brand is marketed under the same name in multiple countries.
• C)A global brand alters the brand name for each dialect in a geographical region.
• D)A global brand delivers multiple benefits to the GDP of each country.
• E)A global brand is a collaborative effort among several different transnational firms.

---

Definitions:

Goods Produced

The total quantity of physical items that are manufactured or processed by a company or economy within a specific time frame.

Law of Comparative Advantage

A principle that states that individuals, firms, regions, or nations can gain by specializing in the production of goods that they produce cheaply (at a low opportunity cost) and exchanging them for goods they cannot produce cheaply (at a high opportunity cost).

Labor-Intensive Commodities

Goods that require a higher proportion of labor in their production process compared to materials and capital.

Opportunity Cost

The value of the best alternative that must be forgone as a result of choosing a particular action or decision.