Global Consumers Refer to

question 181

Multiple Choice

Global consumers refer to

• A) all potential consumers for any and all products or services regardless of cultural, ethnic, or national origins.
• B) customers within a nation who consider the entire globe a single marketplace.
• C) consumer groups living in many countries or regions of the world who have similar needs or seek similar features and benefits from products or services.
• D) consumer groups living in many countries or regions of the world that have similar needs but seek customized features and benefits from products or services that reflect their individual cultures.
• E) multinational organizations whose products incorporate raw materials, assembly, and distribution contributions from multiple nations before they are marketed.

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Definitions:

Years Ago

A phrase used to indicate a specific amount of time in the past relative to the present.

Invention

The creation of a new device, process, or method, often something that has not existed before.

Division of Labor

The allocation of different parts of a manufacturing process or task to different people, based on specialized skills, to increase efficiency.

Pre-agriculture Societies

Human communities that existed before the development of farming and agricultural practices, typically relying on hunting, gathering, and fishing for subsistence.