Local Consumers & Globalization of Consumption

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10 Questions

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

Primary

What environmental elements are mentioned in the text?

Political Environment and Economic Environment

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

Complete solutions for financial risks

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

Capitalist Economy

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

Price of imports decreases

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

Tertiary

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

Less developed countries

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

Prices decrease due to competition

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

Political Environment

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

Economic factors

Explore the concepts of local consumers and the globalization of consumption as discussed by Bernard Meunier in this video. Learn about crucial assumptions related to global marketing in the 21st century and the shift from domestic to global industries.

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