Exam 10: Understanding Emerging Markets

Vytel Communications (Scenario) Vytel Communications is a U.S.-based telecommunications company that is considering doing business in Argentina. Vytel managers hire a consulting firm to investigate the risks and benefits related to doing business in Argentina. The consulting firm identifies a number of challenges that might prohibit Vytel from entering Argentina. In addition, the consultants conduct surveys which indicate a demand for Vytel's products and services. -Which of the following most likely supports the consulting firm's recommendation that Vytel should NOT do business in Argentina?

In a short essay, explain why family conglomerates dominate emerging markets. What are the benefits to foreign firms who collaborate with FCs in order to do business in emerging markets?

________ make up the largest group of countries and include Bangladesh, Nicaragua, and Zaire.

Adjusted per-capita GDP does not represent the amount of products consumers can buy in a given country.

Which of the following is characteristic of emerging markets?

In emerging markets, the size and growth rate of conglomerates serve as signals of a dynamic market economy.

Write a short essay on emerging markets as target markets for international business.

China is an example of an advanced economy.

In the early stages of market research, managers examine three important statistics to estimate market potential: per-capita income, size of the middle class, and market potential indicators.

The new global challengers have become formidable competitors primarily because ________.

For foreign firms wanting to do business in emerging markets, family conglomerates can make valuable venture partners.

________ in developing economies deter firms from these countries from participating in the global economy.

Many emerging market economies are dominated by family-owned rather than publicly owned businesses.

Transition economies are characterized by ________.

Write a short essay on technology and emerging markets.

Which of the following trends supports improving economic conditions in Africa?

The absence of reliable or consistent governance from recognized government authorities ________.

Privatization has provided many opportunities for foreign firms to enter transition economies by ________.

The per-capita GDP of the United States converted at market exchange rates is ________.

________ are low-income countries characterized by limited industrialization and stagnant economies.