Answer:
b. cannot be more competitive than a MNC on its home turf even if it has superior knowledge of the local market.
Explanation:
In the given scenario a company that sources its products, sells its products, and raises its funds domestically will most likely have more competitive advantage than a multinational corporation.
This is due to the fact that it has superior knowledge of the local market.
MNCs will have a hard time adapting to the local market to compete effectively with the local companies.
However local businesses and MNCs will face common challenges like country risk and exchange rate risk.
Because MNCs have ability to source its products in one country, sell them in several countries, and raise its funds in a third country they will provide a stiff competition
The ability to forecast cause and effect is crucial for a solid economic model since it enables it to both explain past events and foresee potential future ones.
A model of the economy's importance
Its main goal is to describe and examine the prices and volume sold in a market that is competitive. In relation to price and other factors, the equations of the model define the level of supply and demand (for example, income).
What conclusions do economic models draw?
A simplified representation of reality, an economic model enables us to observe, comprehend, and forecast economic phenomena. A model's goal is to simplify a complex, real-world scenario so that only the most important elements remain.
To know more about economic model
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Answer:
Post-Purchase Evaluation.
Explanation:
There are five stages of purchase decision making process as given below
- Problem Recognition.
- Information Search.
- Evaluation of Alternatives.
- Purchase Decision.
- Post-Purchase Evaluation.
Since Leona has bought the product it will be post purchase act and also she is examining the taste of product, she is in the evaluation process of the product and hence she is in post purchase evaluation stage of buyer decision process.
