Which of the Following Must Be Taken into Consideration by a Food

question 10

Multiple Choice

Which of the following must be taken into consideration by a food company,such as Kraft,when entering a global market?

• A)Food companies must adjust their approaches to global markets by recognizing their unique characteristics and consumer demands.
• B)Food companies can penetrate any market with any product as long as they spend enough on promotion.
• C)Food companies like Kraft know that other countries will automatically like the taste of American products.
• D)Food companies must always reformulate U.S.products for other markets,because there are no consumer preferences that cross multiple cultures.
• E)None of these

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Definitions:

Probability Distribution

A function in statistics that identifies and quantifies all plausible values and their chances of occurrence for a random variable over a specific range.

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A statistical measure that indicates the extent to which two variables change together.

Probability Distribution

A mathematical function outlining every potential value and associated probabilities a random variable may assume in a specified interval.