The forces of competition in and among _____ helps speed the diffusion of marketing advances to consumers everywhere.
A) market-directed economies
B) command economies
C) production-oriented firms
D) collectivistic cultures
E) individualistic cultures

Question

Quizplus · Accepted Answer

Market-directed economies are characterized by free competition where firms compete to offer better products and services at lower prices. This competition encourages firms to innovate and introduce new marketing advances, which ultimately benefit consumers everywhere. In contrast, command economies, production-oriented firms, collectivistic cultures, and individualistic cultures may not have the same level of competitive forces that encourage marketing advancements.

The Forces of Competition in and Among _____ Helps Speed