Which of the Following Observations Regarding Ethnic Shifts in the American

question 137

Multiple Choice

Which of the following observations regarding ethnic shifts in the American market is FALSE?

• A) Estimates indicate that in 2010 Hispanics spent nearly $1 trillion a year.
• B) Estimates indicate that in 2010 African Americans spent nearly $1 trillion a year.
• C) Estimates indicate that in 2010 Asian Americans spent over $500 billion a year.
• D) The buying power of ethnic submarkets is increasing rapidly.
• E) None of these observations about ethnic shifts is FALSE.

Analyze the risk and control trade-off in choosing distribution strategies in new markets.

Critically assess different market entry strategies.

Develop an understanding of global companies' strategic decisions in establishing presence in new markets.

Examine the factors influencing the choice of distribution channels in international business.

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Definitions:

Void

A term describing a contract or legal action that is null, having no legal force or effect from the outset.

Ratification

The formal approval of an agreement or treaty by authoritative body, making it officially valid.

Writing

The process of using symbols, such as letters and characters, to communicate thoughts and ideas in a readable form.

Unlimited Liability

A legal status where business owners are personally responsible for all the debts and liabilities of the business.