The "Continuum of Environmental Sensitivity" Suggests That

question 90

Multiple Choice

The "continuum of environmental sensitivity" suggests that:

• A) some products are more adaptable to international markets than others.
• B) it is extremely risky to sell basic commodities in international markets.
• C) industrial products need to be adapted more than consumer products for international markets.
• D) All of these statements about the continuum of environmental sensitivity are true.

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Definitions:

Nonexcludable

Describes a good or service for which it is not possible to prevent people who have not paid from consuming or using it, such as public parks or street lighting.

Efficiency

The optimal allocation of resources to maximize the desired outputs while minimizing waste or unnecessary effort.

Nationally Franchised

Businesses that operate under a licensing agreement allowing them to sell products or services under a national company's brand and operational model.

Uninformed Consumers

Consumers lacking sufficient information about products or services to make knowledgeable decisions.