Question

Compared to the Home market, product quality is ______ important in the Domestic market. A. more...

Compared to the Home market, product quality is ______ important in the Domestic market.

A. more

B. less

C. equally

Homework Answers

Answer #1

Home market refers to usually the local market, where the production takes place while the domestic market refers the market of the whole country. It means home market is very small and domestic market is very large. So home market is less important for the producer and domestic market is very important. Therefore the quality of the product for the local market will be may be low but the qualilty of the product of the domestic market will be very important and it will be very high.

Hence it can be said that Compared to the Home market, product quality is more important in the Domestic market.

Hence option A is the correct answer.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The Gross Domestic Product or GDP is the monetary measure production of final goods and services...
The Gross Domestic Product or GDP is the monetary measure production of final goods and services within the boundary of the United States in a financial year or specific period. The GDP tells us if the economy is expanding due to producing more goods and services or contracting due to less output. Anything that it is built in the United States contributes to the figures instead of abroad. The Gross Domestic Product or GDP does not measure the quality of...
Why are price changes more costly to make compared to quantity changes? How important are signals...
Why are price changes more costly to make compared to quantity changes? How important are signals in the market in deciding price and quantity changes? What reliable signals is this firm getting?
How might measuring service quality be more difficult han measuring product quality?
How might measuring service quality be more difficult han measuring product quality?
3. On the market survey, the most important factors to make a high quality results of...
3. On the market survey, the most important factors to make a high quality results of market survey are population, and sample plan and Size. Please describe about population and types of samples by giving sample one of product/service in markets with demonstrate how many population and sample to do on that marketing research survey. Students can be simulated one of product/service which your team is interesting, and initiate ideas on how to do a research by response all questions...
The most important quality characteristic of a certain product is known to be a dimension, and...
The most important quality characteristic of a certain product is known to be a dimension, and research indicates that the dimension of 20 inches is ideal. You have collected a large number of a random sample, and the data shows that the dimension is normally distributed with mean 18 and variance 4. (a) Obtain the expected quality loss incurred by the customer? Use the Taguchi loss function, assuming the loss coefficient (k) = 1. (b) In order to minimize the...
This week’s discussion topic is about Gross Domestic Product (GDP), Per Capita GDP and Quality of...
This week’s discussion topic is about Gross Domestic Product (GDP), Per Capita GDP and Quality of Life. GDP is the market value of all final goods and services produced in an economy in a year. Per Capita GDP is GDP/Population and shows how much of total GDP is theoretically available to each individual in the society. Per Capita GDP is the normal measure of Standard of Living when comparing nations. Quality of Life has no standard definition. It is broader...
This week’s discussion topic is about Gross Domestic Product (GDP), Per Capita GDP and Quality of...
This week’s discussion topic is about Gross Domestic Product (GDP), Per Capita GDP and Quality of Life. GDP is the market value of all final goods and services produced in an economy in a year. Per Capita GDP is GDP/Population and shows how much of total GDP is theoretically available to each individual in the society. Per Capita GDP is the normal measure of Standard of Living when comparing nations. Quality of Life has no standard definition. It is broader...
1.When Sydney decided to purchase a TV, she compared a number of options to assess quality,...
1.When Sydney decided to purchase a TV, she compared a number of options to assess quality, cost, and features. A TV is an example of a____product. A) unsought B) specialty C) shopping D) convenience 2. which of the following product life cycle stages is associated with characteristics such as high costs, low sales volume, and little competition. A) Market introduction stage B) Decline stage C) Maturity stage D) Growth stage
How important is product differentiation in a monopolistic market?
How important is product differentiation in a monopolistic market?
The domestic market supply function is QS = 25 + 5P, and the domestic market demand...
The domestic market supply function is QS = 25 + 5P, and the domestic market demand function is      QD = 200 − 5P. The world price is 20. a) Carefully draw the graph for this market. (Label the axes and curves.) b) Is this country importing or exporting the commodity? Calculate how much. ______________ c) Calculate the consumer surplus _________ and producer surplus ________ for this country. Just need Part B and C. Thank you!
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT