Choose the most accurate definition of the "Political Environment" in which International Marketing needs to operate: Question 31 options: a) Country's or region's ability to produce a product at lower cost in terms of real resources than another country. b) Political Environment consists of any national or international political factors (that is, factors derived from government sector) that can affect operations of a business in any foreign market. c) Nation's right to govern itself without outside interference. d) Possibility that actions or policies by a government may adversely affect Firm's operations and profits.

Answered: the most accurate definition of the…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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Question

Choose the most accurate definition of the "Political Environment" in which International Marketing needs to operate:

Question 31 options:

a)	Country's or region's ability to produce a product at lower cost in terms of real resources than another country.

b)	Political Environment consists of any national or international political factors (that is, factors derived from government sector) that can affect operations of a business in any foreign market.

c)	Nation's right to govern itself without outside interference.

d)	Possibility that actions or policies by a government may adversely affect Firm's operations and profits.

Expert Solution

Step 1 Introduction

Political environment o is that factor the nation as it affects the organisations and there is a risk, due to various policies of the government, institutions or any governing body or state and it also impacts the economic environment of the particular country and that directly and indirectly affects the business organisations.