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Question
Which of the following is true of the influence of economic development on consumer preferences?A.The level of economic development does not impact consumer preferences as much as cultural difference does.
B.Firms based in highly developed countries do not build extra performance attributes into their products.
C.Consumers in less developed nations demand to have extra attributes built into products.
D.Consumers in developed countries are often willing to sacrifice their preferred attributes for lower prices.
E.Consumers in developed nations are willing to pay more for products that have additional features customized to their tastes.
Answer
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Related questions
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B.The variables contained in this model typically include relative money supply growth rates, inflation rates, and interest rates.
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A.Elastic
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In which of the following conditions does arbitrage occur?
A.When a firm offers a product at low prices through discount coupons and promotions
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If a firm favors a push strategy, using direct selling to educate potential consumers about the features of its products, what kind of products would it most likely sell?
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Which of the following is true of the barriers to international communication?
A.Noise tends to increase the probability of effective communication.
B.Source effects can be beneficial for an international business when potential consumers in a target country have a bias against foreign firms.
C.Many international businesses try to promote positive source effects by deemphasizing their foreign origins.
D.Fewer firms vie for the attention of prospective customers in developing countries, thus the noise level is lower.
E.Research suggests that a consumer may use country of origin as a cue when evaluating a product, particularly if he or she has detailed knowledge of the product.
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According to research, when do consumers usually use the country of origin as a cue when evaluating a product?
A.When a firm tries to deemphasize its foreign origins
B.When consumers lack detailed knowledge of a product
C.When an advertising campaign stresses the positive performance attributes of a product
D.When a limited number of messages compete with each other for consumers' attention
E.When a firm resorts to personal selling instead of mass media advertising