The ______________ of marketing suggests that firms should adopt marketing strategies as though the entire world was one single marketplace. These firms would then market ___________ products using the same marketing mix everywhere in the world.

A. internationalization; customized
B. globalization; customized
C. flexibility; standardized
D. globalization; standardized
E. international vision; custom


Answer: D

Business

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If there are 20 manufacturers and 500 retailers, and each manufacturer has 15 interactions per year with each retailer at a cost of $200 per transaction, calculate the total number of transactions

A) 100,000 transactions per year B) 150,000 transactions per year C) 200,000 transactions per year D) 250,000 transactions per year E) 300,000 transactions per year

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Indicate whether the statement is true or false

Business