Final answer:
The multinational market regions based on Time Zone are Eastern and Southeastern Asia, Central and Southern Asia, and Latin America and the Caribbean. These time zones help coordinate global communication and activities.
Step-by-step explanation:
The three multinational market regions classified based on Time Zone are Eastern and Southeastern Asia, Central and Southern Asia, and Latin America and the Caribbean.
Time zones are regions on Earth that have the same standard time. The concept was established to aid travel and communication across areas with different local mean solar times. By 1900, standardized global time zones were widely adopted, and today nearly every country operates by this system. Significant exceptions include India, which operates on a half-zone, and China, which uses a single time zone across the entire country despite its vast size.
The division of the world into time zones allows for easier scheduling of international calls, flights, and business operations. In North America, we experience differences in time zones with Pacific Standard Time being 3 hours earlier than Eastern Standard Time. This knowledge is crucial for global communication and coordination, as contacting someone during their night hours could be inconvenient or disruptive.