_____ Exists When the Tastes and Preferences of Consumers in Different

question 35

Multiple Choice

_____ exists when the tastes and preferences of consumers in different nations are similar if not identical.

• A) Universal needs
• B) Homogenous needs
• C) Basic needs
• D) Bundled needs

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Definitions:

Enterprising

Showing initiative, willingness to undertake new ventures, and the ability to think creatively and innovatively.

Generate And Exploit

A strategy that involves creating new ideas, products, or processes and making use of them to achieve competitive advantage or market success.

Minimize Or Shed

Strategies employed to reduce, remove, or delegate non-core business activities or assets to focus on primary objectives.

Opportunity-Seeking Processes

The methodologies or approaches used by individuals or organizations to identify and exploit potential opportunities for growth or improvement.