Social factors exert the broadest and deepest influence over a person’s consumer behavior false (culture)
Culture :
A person’s culture is represented by a large group of people with a similar heritage. Culture exerts a strong influence on a person’s needs and wants because it is through culture that we learn how to live, what to value, and how to conduct ourselves in society. The American culture, which is a subset of the Western (European) culture, will be the primary focus of this discussion, although other societies in other parts of the world have their own cultures with accompanying traditions and values.
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Answer:
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Answer:
E. might rise or fall depending on whether the monopoly's marginal revenue curve lies above or below its demand curve.
Explanation:
In monopoly, the supply rule is the way how the farm will decide the price to sell the products in the market. This rule is simple, the price will be set where the demand curve cross the marginal revenue function, and not as perfect competition, where demand and supply demand cross. In monopoly the quantities are less thant perfect market situation, and the price is higher.
Answer: Global-standardization strategy
Explanation:
Global-standardization strategy could be defined as using a model to market a product globally. It's the scenario where an organization uses the same marketing strategy of a product across various countries. The advantage of this is that it results in global brand coverage and makes reduction for cost.
Vermilion Inc. has her product produced in various countries but uses the same marketing model or strategy to sell globally, this method is known as Global-standardization strategy