Final answer:
Quality is one of the top criteria for global market consumers when making purchase decisions. This is due to the influence of globalization and technology, which allow consumers to access products from all over the world, making quality a distinctive factor. Option d is the correct answer.
Step-by-step explanation:
When it comes to global market consumers making purchase decisions, one of the top criteria is undoubtedly quality. The evolving globalization and technological landscape have made markets much more competitive, with consumers having the ability to order products from all over the world. In such a scenario, a high-quality product can stand out and draw consumer preference, which can, in turn, influence import levels, affect local business competition, and reshape consumption patterns.
Additionally, consumer preferences and technology advancements significantly determine the consumption of goods and services. For example, the increase in preference for foreign-produced movies and music in France illustrates how shifts in consumer preferences can impact imports. These elements highlight the importance of quality in a globally connected marketplace where products and services from different corners of the world are just a click away for consumers.
While the factors determining the economic standard of living are diverse, including technology among others, what's clear is that quality holds a significant place in global market consumers' purchase decisions.