trends in the past decade have significantly influenced the landscape of global marketing.One of them is:
A) an increase in economic protectionism and a decline in free trade.
B) a more aggressive attitude towards initiating international tariffs and quota systems.
C) a decrease in most countries' GDPs and a renewal of nationalism.
D) the formal economic integration and free trade among nations.
E) an increase in most countries' GDPs coupled with an increased degree of consumer ethnocentrism.

Question

Quizplus · Accepted Answer

In the past decade, one of the significant trends that have influenced the landscape of global marketing is the formal economic integration and free trade among nations. This has been illustrated through the formation of various trade agreements, such as the Trans-Pacific Partnership (TPP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which promote free trade and reduce trade barriers among participating nations. This trend has enabled businesses to expand their operations globally, given them access to new markets, and increased competition among them.

Trends in the Past Decade Have Significantly Influenced the Landscape