The classic example of economic community is?
Correct answer: C. European Union
- A. World Bank
- B. international monetary fund
- C. European Union
- D. all of above
Explanation
The European Union is an economic community because member countries coordinate economic policies and facilitate trade among themselves. The World Bank and IMF are international financial institutions, not economic communities.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
About Marketing
Marketing covers how organisations identify customer needs, create value and exchange products or services through suitable markets. Key concepts include market segmentation, targeting, positioning, consumer behaviour, the marketing mix of product, price, place and promotion, branding, product life cycle and differences between marketing and selling.
Practise Marketing
1,700 free Marketing MCQs from Management Sciences, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Management Sciences questions like this
Management Sciences is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Marketing questions
The Website build to engage customers from different places to move them closer for marketing outcome is classified as?
The kind of marketing through which company connect with targeted segments on one to one interaction basis is classified as?
The kind of online marketing domain which is initiated by consumers to target the consumers is classified as?
The companies that practice online marketing into their traditional operations are classified as?
The kind of direct marketing by which an offer, reminder or announcement is sent to people at specific virtual or physical address is called?
The comprehensive and organized collection about individual prospect of customer including psychographic, geographic and demographic data is called?