The Price of a Big Mac in the U

question 61

Multiple Choice

The price of a Big Mac in the U.S. is $3.41 and the price in Mexico is Peso 29.0. What is the implied PPP of the Peso per dollar?

• A) Peso 8.50/$1
• B) Peso 10.8/$1
• C) Peso 11.76/$1
• D) None of the above

---

Definitions:

Global Workforces

Employees located across multiple countries around the world, often emphasizing the diversity and distribution of a company's personnel.

Valued Employees

Individuals within an organization considered essential due to their skills, performance, and contribution to the company's goals.

Marketing Era

A period marked by the evolution of marketing focus from production to product orientation, and eventually to a marketing orientation that emphasizes understanding and satisfying customer needs.

Production Era

A historical period in business where the focus was primarily on production efficiency and manufacturing output, often at the expense of customer needs.