Asked by Jalon Lipford on Jul 24, 2024
Verified
The greater the wealth a country's citizens, generally implies that a firm will have better opportunities in that particular country.
Firm's Opportunities
Potential advantageous situations that a business can exploit to increase its value or market position.
- Understand key concepts in global marketing and economic environments.
- Assess the significance of cultural, economic, and political variables in the conduct of global business.
Verified Answer
RW
Riley WellsJul 25, 2024
Final Answer :
True
Explanation :
When a country's citizens have higher wealth, they have more purchasing power which can lead to greater demand for goods and services. This provides better opportunities for firms to thrive and grow in that particular country.
Learning Objectives
- Understand key concepts in global marketing and economic environments.
- Assess the significance of cultural, economic, and political variables in the conduct of global business.