ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The foreign exchange market
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Political conditions
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The degree of Industrialization
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The level of domestic competition
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Detailed explanation-1: -Which of the following is probably the most significant factor affecting the international market for industrial goods and services? The degree of industrialization. Which of the following is the first stage of Rostow’s five-stage model of economic development? The traditional society.
Detailed explanation-2: -Industrialization can be driven by a combination of factors including government policy, labor-saving inventions, entrepreneurial ambitions, and a demand for goods and services. It has profound implications for the population, causing a wave of migration from small farms to cities and towns where jobs can be found.
Detailed explanation-3: -The Industrial Revolution shifted from an agrarian economy to a manufacturing economy where products were no longer made solely by hand but by machines. This led to increased production and efficiency, lower prices, more goods, improved wages, and migration from rural areas to urban areas.