Local Consumers & Globalization of Consumption
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Questions and Answers

Which type of economic development involves activities like agriculture and extractive processes?

  • Primary (correct)
  • Secondary
  • Quaternary
  • Tertiary

What environmental elements are mentioned in the text?

  • Social Environment and Technological Environment
  • Political Environment and Economic Environment (correct)
  • Legal Environment and Financial Environment
  • Geographical Environment and Cultural Environment

In E-commerce, what issue is highlighted as not being completely addressed?

  • Complete solutions for supply and competition
  • Complete solutions for satellite TV access
  • Complete solutions for marketing practices
  • Complete solutions for financial risks (correct)

What type of economy is mentioned as being market-based in the text?

<p>Capitalist Economy (A)</p> Signup and view all the answers

What can happen when exchange rates are weak according to the text?

<p>Price of imports decreases (A)</p> Signup and view all the answers

Which sector of economic development involves services like tourism and healthcare?

<p>Tertiary (B)</p> Signup and view all the answers

What type of countries have a low GDP per capita according to the text?

<p>Less developed countries (D)</p> Signup and view all the answers

What might happen when supply and competition shift from protected domestic to global?

<p>Prices decrease due to competition (B)</p> Signup and view all the answers

What kind of environmental element is mentioned as moving towards a market-based economy?

<p>Political Environment (A)</p> Signup and view all the answers

Which type of economic factor can influence purchasing power and spending patterns?

<p>Economic factors (D)</p> Signup and view all the answers

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