Changes in the Services Industry in the Future Will Primarily

question 76

Multiple Choice

Changes in the services industry in the future will primarily be driven by three factors.They are: (1) technological development; (2) improved understanding of service delivery and consumption;and (3) __________.

• A)reverse marketing
• B)global development
• C)global service branding
• D)sustainable development
• E)the elimination of ethnocentricity

---

Definitions:

Net Capital Outflow

The difference between a nation's total investment in foreign countries and foreign investments within the nation, over a specific period of time.

Open-Economy Macroeconomic Model

An economic model that analyses interactions between domestic and international factors in shaping economic indicators.

Exchange Rate

The value of one country's currency in terms of another country's currency.

Market For Foreign-Currency Exchange

A financial market where currencies are traded, facilitating international trade and investment.