To a great extent, consumers continue to demand locally differentiated products reflecting substantial divergence in standards, tastes, and perceived needs, except across countries within a regional bloc like the European Union that purports to be integrated and one large market.

Question

Quizplus · Accepted Answer

Despite the European Union's efforts to integrate markets, there still exists a significant demand for locally differentiated products within the EU due to varying cultural preferences, traditions, and standards among member countries.

To a Great Extent, Consumers Continue to Demand Locally Differentiated