Question

Differences in standards of living, credit, buying power, and income distribution are all examples of ____ forces that must be considered in international marketing efforts.

Answer 1

Answer:

Economic forces, is the right answer.

Explanation:

Economic forces are those factors that serve to manage the competitiveness of the circumstances in which the firm functions.

The following are the factors that come in Economic forces:

1. Inflation rate

2. Unemployment level

3. Government changes

4. Fiscal policies

These factors decide an industry' extent of demand for its goods and affect its marketing policies and exercises. There are three steps crucial to an economy the first one is production, second is the distribution and the third is consumption.