Which of the Following Is an Argument in Favor of Standardized

question 16

Multiple Choice

Which of the following is an argument in favor of standardized advertising?

• A)Consumer tastes and preferences are universal.
• B)A message that works in one nation will invariably work in every other country.
• C)Advertising regulations always promote standardized advertising.
• D)Many brand names are global.
• E)The costs of value creation may be increased by standardized advertising.

---

Definitions:

Product Differentiation

Is the process of distinguishing a product or service from others to make it more attractive to a particular target market.

Oligopoly

A market structure dominated by a few large firms, resulting in limited competition and often leading to higher prices for consumers.

Price Searchers

Firms or individuals who determine the price of their goods or services based on market conditions, often with some degree of market power.

Oligopolistic Industry

An industry structure characterized by a small number of firms dominating the market, often leading to strategic interactions in setting prices and output.