Which of the Following Is True of Theodore Levitt's Arguments

question 56

Multiple Choice

Which of the following is true of Theodore Levitt's arguments concerning the globalization of world markets?

• A)Modern transportation is facilitating a convergence of tastes and preferences among consumers in advanced countries of the world.
• B)Academics feel that Levitt understates his case concerning global markets and the fall of multinational corporations.
• C)Globalization,in the sense used by Levitt,is the rule in consumer goods markets and industrial markets.
• D)Levitt's arguments hold true with respect to consumer goods markets but not for basic industrial products.
• E)As observed by Levitt,multinational corporations do not tailor their products to suit different countries.

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Definitions:

Whey

The liquid remaining after milk has been curdled and strained, often used in food products or as a dietary supplement.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a given time period.

Curds

A dairy product obtained by coagulating milk in a cheese-making process, known for their mild flavor and soft texture.

Whey

A by-product of cheese production, consisting of the liquid remaining after milk has been curdled and strained; rich in protein and used in dietary supplements and food products.