Which of the following is responsible for the emergence of enormous global markets for standardized consumer products such as McDonald's hamburgers, Coca-Cola, and GAP clothes?
A) Global marketing strategies
B) Lowered tariffs and the removal of trade barriers
C) Modern communications and transport technologies
D) Significant differences in consumer tastes and preferences
E) The infrastructure or traditional practices among countries

Question

Quizplus · Accepted Answer

Modern communications and transport technologies have made it easier and more cost-effective for companies to manufacture and distribute products globally. This has led to the emergence of global markets for standardized consumer products such as McDonald's hamburgers, Coca-Cola, and GAP clothes. Lowered tariffs and the removal of trade barriers may also have played a role, but they are not the primary factor responsible for the emergence of these markets. Significant differences in consumer tastes and preferences and the infrastructure or traditional practices among countries would actually hinder the emergence of such global markets. Global marketing strategies are also important, but they would not be effective without the support of modern communications and transport technologies.

Which of the Following Is Responsible for the Emergence of Enormous