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Local Consumers & Globalization of Consumption

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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?

Capitalist Economy (A) Signup and view all the answers

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

Price of imports decreases (A) Signup and view all the answers

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

Tertiary (B) Signup and view all the answers

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

Less developed countries (D) Signup and view all the answers

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

Prices decrease due to competition (B) Signup and view all the answers

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

Political Environment (A) Signup and view all the answers

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

Economic factors (D) Signup and view all the answers