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The change in the mean value of labor is small with only 2.5% of annual growth rate. As for the trade volume, the mean values of both imports and exports jumped twofold, indicating Chinaâs increasing participation in international trade.
How do different levels of economic development in countries influence product decisions in an international marketing strategy which targets multiple foreign markets? What are the three factors that contribute to the trend toward greater retail concentration in developed countries? How have these factors promoted retail concentration? What the critical variables which affect the effectiveness of a firm's international communications? Identify why and how advertising and promotional strategies might vary among countries because of these variables. Part B-