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Tasya [4]
3 years ago
5

Which type of global marketing strategy works best when consumers share the same desires, needs, and uses for a product across c

ountries and cultures? multiple choice product invention communication adaptation promotion adaptation product extension promotion customization?
Business
1 answer:
sdas [7]3 years ago
4 0
Product extension is a global marketing strategy that works best when consumers share the same desires, needs, and uses for a product across countries and cultures. 

They typically use a brand name that is familiar and launch a new product under a familiar brand to see their interest in the item. This could be a new flavor of a drink, color of hair dye, smaller package size, healthier ingredients and so on. 
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Answer:

b. She should develop herself as the EMV of developing is $1.125 million, which is higher than the EMV of selling.

Explanation:

The probability of discovered oil = 0.25 (25%)

Selling the exploration right= Selling Price + Probability of discovered oil × Royalty% × Future Profit

= $200,000 + 0.25 × 0.25 × $7,500,000 = $668,750

Developing = Probability of finding the oil × Future Profits - Cost of Well

= 0.25 × $7,500,000 - $750,000 = $1,125,000

= $1.125 million

Therefore the EMV for selling the exploration rights is less than the developing, the landowner will develop the site by his own.

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Answer:

Which of the following observations is true?

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