Oil companies segment foreign markets by overall level of economic development.This firm segments on what basis?
A) political factors
B) legal factors
C) geographic factors
D) economic factors
E) cultural factors

Question

Quizplus · Accepted Answer

Oil companies segment foreign markets based on economic factors such as GDP, income levels, and market potential. Political, legal, geographic, and cultural factors may also be considered, but economic factors are typically the primary driver for market segmentation in the oil industry.

Oil Companies Segment Foreign Markets by Overall Level of Economic