Which of the Following Is Not an Explanation for Why

question 17

Multiple Choice

Which of the following is not an explanation for why high-income and labor-saving products are most likely to be introduced in rich nations?

• A)The opportunities for doing so are the greatest in rich nations
• B)Poor countries actually prefer products and services associated with being low-income
• C)The development of new products requires proximity to markets so as to benefit from consumer feedback in modifying the product
• D)There is a need to provide service

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Definitions:

Team Organization

A structured grouping of individuals working together towards a common goal, facilitating collaboration and efficiency.

Temporary Workers

Individuals employed on a non-permanent basis, often through staffing agencies, to fulfill short-term business needs or project-specific tasks.

Contemporary Business-World

The modern state of business practices, strategies, and environments, which are influenced by current technological, cultural, and economic trends.

Competencies

A combination of knowledge, skills, behaviors, and attitudes that contribute to personal effectiveness.