Which of the Following Is One of the Four Factors

question 14

Multiple Choice

Which of the following is one of the four factors included in Porter's diamond?

• A)purchasing power parity
• B)gross national income
• C)economies of scale
• D)firm strategy,structure,and rivalry
• E)gross domestic product

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Definitions:

Objectives

Statements of an accomplishment of a task to be achieved, often by a specific time. Also called goals.

Marketing Goal

A specific, measurable, attainable, relevant, and time-bound objective that guides marketing strategies and efforts.

Target Market

A specific group of potential customers identified by a business as the recipients of their marketing efforts, who are most likely to buy their products or services.

Marketing Program

A comprehensive plan that integrates various marketing strategies to promote products or services effectively.