The need to understand the different consumer tastes in segmented regional markets and respond to different national standards and regulations imposed by autonomous governments and agencies is:
A)Global integration
B)International entrepreneurship
C)National responsiveness
D)Statutory compliance

Question

Quizplus · Accepted Answer

The need to understand different consumer tastes in segmented regional markets and respond to different national standards and regulations imposed by autonomous governments and agencies is an example of national responsiveness. National responsiveness refers to a company's ability to tailor its products and services to meet the specific demands of different national markets. It involves adapting to local consumer preferences, cultural norms, and regulations, which can vary greatly from one country to another. This is especially important for companies operating in multinational markets where standardization may not be possible or desirable.

The Need to Understand the Different Consumer Tastes in Segmented