Which of the following statements is true regarding the globalization of markets?
A) As a result of the globalization of markets, tastes and preferences of consumers in different nations are beginning to differ more.
B) By offering the same basic product worldwide, firms fail to create a global market.
C) There still exist significant differences among national markets along many relevant dimensions, including distribution channels, culturally embedded value systems, and legal regulations.
D) The most global of markets are not typically markets for industrial goods and materials, but markets for consumer products.
E) A company has to be the size of a multinational giant, such as Citigroup or Coca-Cola, to facilitate, and benefit from, the globalization of markets.

Question

Quizplus · Accepted Answer

The statement that there still exist significant differences among national markets along many relevant dimensions, including distribution channels, culturally embedded value systems, and legal regulations, is true regarding the globalization of markets. Option A is incorrect because the globalization of markets actually makes the tastes and preferences of consumers in different nations more similar. Option B is also incorrect because offering the same basic product worldwide is a way to create a global market. Option D is incorrect because markets for industrial goods and materials can also be global. Option E is incorrect because companies of various sizes can facilitate and benefit from the globalization of markets.

Which of the Following Statements Is True Regarding the Globalization