Questions: Multiple Choice Question When engaging in global trade, economically depressed nations may not be able to afford to buy popular products in large quantities. Therefore, it is important for a company to understand a country's technological forces economic and financial forces environmental forces sociocultural forces

Multiple Choice Question When engaging in global trade, economically depressed nations may not be able to afford to buy popular products in large quantities. Therefore, it is important for a company to understand a country's technological forces economic and financial forces environmental forces sociocultural forces
Transcript text: Multiple Choice Question When engaging in global trade, economically depressed nations may not be able to afford to buy popular products in large quantities. Therefore, it is important for a company to understand a country's technological forces economic and financial forces environmental forces sociocultural forces
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Solution

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Answer

The answer is economic and financial forces.

Explanation
Option 1: Technological forces

Technological forces refer to the level of technological development and innovation within a country. While important, they do not directly address the issue of a country's ability to afford products.

Option 2: Economic and financial forces

Economic and financial forces encompass the overall economic health, income levels, and financial stability of a country. These factors directly influence a nation's purchasing power and ability to engage in trade, making them the most relevant to the issue of economically depressed nations affording popular products.

Option 3: Environmental forces

Environmental forces pertain to ecological and environmental conditions, such as climate and natural resources. These factors are not directly related to a country's economic ability to purchase products.

Option 4: Sociocultural forces

Sociocultural forces involve the social and cultural aspects of a country, including values, customs, and demographics. While these can influence consumer behavior, they do not directly address the economic capacity to buy products.

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