alleryConsumers in most developing African and Asian countries are described as:
APrice sensitive
BPrice indifferent
CQuality obsessed
DBrand exclusive
Answer & Solution
Correct answer: A. Price sensitive
1. Per capita income is lower there.
2. They prefer less expensive products.
3. So they are price sensitive.
_Source: syllabus Business Studies, Chapter 11, International Business._
Keep practising Sources of Business Finance & Small Business
Browse all Sources of Business Finance & Small Business questions for Karnataka PUC I, or explore more Business Studies topics.
Related questions
Credit extended by one trader to another for buying goods is:Excessive ploughing back of profits may cause dissatisfaction because shareholders get:Which is a merit of retained earnings?Profits kept back in the business instead of paid as dividend are:A limitation of internal sources of funds is that they:Suppliers, lenders and investors outside the firm are:Collecting receivables faster, selling surplus stock and ploughing back profit are exampleA burden of borrowed funds is that interest must be paid even when: