_____ distance captures fundamental differences relating to income, the distribution of wealth, and the relative purchasing power of segments of a geographic market.

Question

Quizplus · Accepted Answer

Economic distance relates to differences in income, wealth distribution, and purchasing power within a market, which are fundamental economic factors. Cultural distance refers to differences in norms, values and beliefs. Geographic distance relates to physical distance and accessibility, while administrative distance refers to differences in regulations and legal systems.

_____ Distance Captures Fundamental Differences Relating to Income, the Distribution