Question

A global product meets the wants and needs of a global market, including the Triad which includes the following countries:

A) Brazil, Russia, and China.
B) Japan, Western Europe, and the United States.
C) China, the United States, and Europe.
D) China, India and Brazil.
E) Japan, China, and Western Europe.

Answer 1

The term 'Triad' in the context of global products refers to Japan, Western Europe, and the United States, which are regions known for their significant markets and economic influence.

Step-by-step explanation:

A global product is designed to meet the wants and needs of a global market, which includes a group of highly influential and economically advanced regions known collectively as the Triad. The Triad is commonly understood to encompass Japan, Western Europe, and the United States.

These regions have been significant players in global trade, possessing large, sophisticated markets and substantial economic influence worldwide.

When you think about the interconnection of global markets, consider how the products we use everyday might come from a complex international supply chain. The food on our tables, our electronics, clothing, and even the cars we drive, often have components that are sourced, assembled, or designed in multiple countries around the world.

It is the extent of globalization that has made it possible for products and services to be designed for and distributed across such a widespread market.