Variety vs. Regionalization in Ethnic Restaurants Quiz
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Questions and Answers

What is the main tradeoff between variety and regionalization, according to the text?

  • People desire something different but not too different. (correct)
  • People prefer uniformity over diversity.
  • Regionalization always leads to a decrease in quality.
  • Variety and regionalization are mutually exclusive concepts.

    • In economics, why is variety typically considered a good thing?

  • Diverse product offerings provide consumers with different options and stimulate competitive innovation. (correct)
  • Uniform product offerings are more appealing to consumers.
  • It leads to a decrease in competitive innovation.
  • Variety reduces consumer choice and satisfaction.

    • What contributes to the reputation of Swiss clocks, Chinese silk, Indian spices, and Italian clothing, according to the text?

  • They cater specifically to local markets.
  • They have limited consumer demand.
  • They are mass-produced for global markets.
  • They offer better-quality products than are available domestically. (correct)

    • Which statement best reflects people's historical preferences, according to the text?

    <p>People throughout history have desired foreign, new, and exotic items.</p> Signup and view all the answers

    Why do fast food restaurants in China cater more to local tastes and preferences?

    <p>To appeal to people's desire for something different yet familiar.</p> Signup and view all the answers

    What is the key factor driving competitive innovation in diverse product offerings?

    <p>Different options that appeal to many tastes.</p> Signup and view all the answers

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