Question 1

Write a short note on newly industrialized countries.

Accepted Answer

Countries that are experiencing rapid ec

Question 2

Which of the following is NOT one of the factors changing the way countries trade and prosper in the twenty-first century?

Accepted Answer

A)  The transition from socialist to market-driven economies. 
B)  Liberalization of trade and investment policies in developing countries. 
C)  The transfer of public-sector enterprises to the private sector. 
D)  The rapid development of regional market alliances. 
E)  The expansion of military interventions around the world. 
A)  The transition from socialist to market-driven economies. 
B)  Liberalization of trade and investment policies in developing countries. 
C)  The transfer of public-sector enterprises to the private sector. 
D)  The rapid development of regional market alliances. 
E)  The expansion of military interventions around the world.

Question 3

If a market is characterized as being geographically large, has significant population, is a regional economic driver, and has undertaken significant programs of economic reform, the market is classified as a(n):

Accepted Answer

A)  developing market. 
B)  less developed market. 
C)  entrepreneurial market. 
D)  agrarian market. 
E)  big emerging market. 
A)  developing market. 
B)  less developed market. 
C)  entrepreneurial market. 
D)  agrarian market. 
E)  big emerging market.

Question 4

Which of the following is considered as the single most important environmental element of a country to which the foreign marketer must adjust the marketing task?

Accepted Answer

A)  Political stability 
B)  Economic level 
C)  Technological development 
D)  Literacy level 
E)  Level of entrepreneurship 
A)  Political stability 
B)  Economic level 
C)  Technological development 
D)  Literacy level 
E)  Level of entrepreneurship

Question 5

The United Nations classification of stages of economic development has been criticized because it:

Accepted Answer

A)  no longer seems relevant in the rapidly industrializing world. 
B)  does not take into consideration the level of political stability in a country. 
C)  does not take into consideration the social and cultural aspects of a country. 
D)  only focuses on the level of literacy in a country. 
E)  has too many categories. 
A)  no longer seems relevant in the rapidly industrializing world. 
B)  does not take into consideration the level of political stability in a country. 
C)  does not take into consideration the social and cultural aspects of a country. 
D)  only focuses on the level of literacy in a country. 
E)  has too many categories.

Question 6

All of the following countries are members of Caribbean Community and Common Market (CARICOM) EXCEPT:

Accepted Answer

A)  Barbados 
B)  Dominica 
C)  Grenada 
D)  Jamaica 
E)  China 
A)  Barbados 
B)  Dominica 
C)  Grenada 
D)  Jamaica 
E)  China

Question 7

The long-term goal of the LAIA (Latin American Integration Association), better known by its Spanish acronym, ALADI, is:

Accepted Answer

A)  to improve the literacy levels in member countries. 
B)  to reduce the child mortality rates in member countries. 
C)  to establish a Latin American common market. 
D)  improve the standard of living in the member countries. 
E)  increase the industrial production in the member countries. 
A)  to improve the literacy levels in member countries. 
B)  to reduce the child mortality rates in member countries. 
C)  to establish a Latin American common market. 
D)  improve the standard of living in the member countries. 
E)  increase the industrial production in the member countries.

Question 8

Among three kinds of distances that international marketers must traverse-miles, time zones, and cultural distances-time zones have the greatest influence on the success of their commercial efforts abroad.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following best characterizes the United States today with respect to the evolution of the marketing process?

Accepted Answer

A)  Mass production 
B)  Commercial-transition 
C)  Self-sufficiency 
D)  Surplus commodity product 
E)  Mass distribution 
A)  Mass production 
B)  Commercial-transition 
C)  Self-sufficiency 
D)  Surplus commodity product 
E)  Mass distribution

Question 10

According to rules of origin, for goods to be traded duty free, generally, they must contain at least ______ percent North American content.

Accepted Answer

A)  18.2 
B)  24.6 
C)  38.7 
D)  48.5 
E)  62.5 
A)  18.2 
B)  24.6 
C)  38.7 
D)  48.5 
E)  62.5

Question 11

Considering the United Nations' stages of economic development presented in the text for classifying countries with respect to levels of industrialization, if a country is an industrially developing country just entering world trade with relatively low per capita income, the country is in which of the following groups?

Accepted Answer

A)  PDCs (parallel-developed countries) 
B)  LLDCs (least-developed countries) 
C)  LDCs (less-developed countries) 
D)  NICs (newly industrialized countries) 
E)  MDCs (more-developed countries) 
A)  PDCs (parallel-developed countries) 
B)  LLDCs (least-developed countries) 
C)  LDCs (less-developed countries) 
D)  NICs (newly industrialized countries) 
E)  MDCs (more-developed countries)

Question 12

Economic planners are often more _____ oriented than _____ oriented.

Accepted Answer

A)  production; marketing 
B)  procedure; result 
C)  profit; policy 
D)  quality; profit 
E)  theory; application 
A)  production; marketing 
B)  procedure; result 
C)  profit; policy 
D)  quality; profit 
E)  theory; application

Question 13

According to the evolution of the marketing process, the marketing process in a country is in which of the following substages when the only marketing function performed in a country is exchange?

Accepted Answer

A)  Surplus commodity product 
B)  Commercial-transition 
C)  Mass production 
D)  Mass distribution 
E)  Self-sufficient 
A)  Surplus commodity product 
B)  Commercial-transition 
C)  Mass production 
D)  Mass distribution 
E)  Self-sufficient

Question 14

Which of the following countries is a member of Latin American Integration Association (LAIA, aka ALADI)?

Accepted Answer

A)  India 
B)  Cuba 
C)  Canada 
D)  Costa Rica 
E)  Honduras 
A)  India 
B)  Cuba 
C)  Canada 
D)  Costa Rica 
E)  Honduras

Question 15

Big emerging markets share some common traits. One of the traits common to BEMs is that they have significant populations.

Accepted Answer

A) True 
 B)False

Question 16

What are the various marketing functions performed when the marketing process in a country is in the commercial-transition substage?

Accepted Answer

The various marketing function

Question 17

Total foreign direct investment in Mexico has averaged _____ billion a year since 1995.

Accepted Answer

A)  $5 
B)  $8 
C)  $11 
D)  $20 
E)  $30 
A)  $5 
B)  $8 
C)  $11 
D)  $20 
E)  $30

Question 18

The more developed an economy, the lesser the variety of marketing functions demanded.

Accepted Answer

A) True 
 B)False

Question 19

_____ is the fundamental objective of most developing countries.

Accepted Answer

A)  Entrepreneurship 
B)  Industrialization 
C)  Conservation of resources 
D)  Enabling a strong home land defense force 
E)  Establishing a strong agricultural system 
A)  Entrepreneurship 
B)  Industrialization 
C)  Conservation of resources 
D)  Enabling a strong home land defense force 
E)  Establishing a strong agricultural system

Question 20

Canada is most likely to be classified under the category of ____.

Accepted Answer

A)  PDCs (parallel-developed countries) 
B)  LLDCs (least-developed countries) 
C)  MDCs (more-developed countries) 
D)  NICs (newly industrialized countries) 
E)  RGCs (rapid-growth countries) 
A)  PDCs (parallel-developed countries) 
B)  LLDCs (least-developed countries) 
C)  MDCs (more-developed countries) 
D)  NICs (newly industrialized countries) 
E)  RGCs (rapid-growth countries)

Write a short note on newly industrialized countries.

Which of the following is NOT one of the factors changing the way countries trade and prosper in the twenty-first century?

If a market is characterized as being geographically large, has significant population, is a regional economic driver, and has undertaken significant programs of economic reform, the market is classified as a(n):

Which of the following is considered as the single most important environmental element of a country to which the foreign marketer must adjust the marketing task?

The United Nations classification of stages of economic development has been criticized because it:

All of the following countries are members of Caribbean Community and Common Market (CARICOM) EXCEPT:

The long-term goal of the LAIA (Latin American Integration Association), better known by its Spanish acronym, ALADI, is:

Among three kinds of distances that international marketers must traverse-miles, time zones, and cultural distances-time zones have the greatest influence on the success of their commercial efforts abroad.

Which of the following best characterizes the United States today with respect to the evolution of the marketing process?

According to rules of origin, for goods to be traded duty free, generally, they must contain at least ______ percent North American content.

Economic planners are often more _ oriented than _ oriented.

According to the evolution of the marketing process, the marketing process in a country is in which of the following substages when the only marketing function performed in a country is exchange?

Which of the following countries is a member of Latin American Integration Association (LAIA, aka ALADI)?

Big emerging markets share some common traits. One of the traits common to BEMs is that they have significant populations.

What are the various marketing functions performed when the marketing process in a country is in the commercial-transition substage?

Total foreign direct investment in Mexico has averaged _____ billion a year since 1995.

The more developed an economy, the lesser the variety of marketing functions demanded.

_____ is the fundamental objective of most developing countries.

Canada is most likely to be classified under the category of ____.

The Scope and Challenge of International Marketing

The Dynamic Environment of International Trade

History and Geography: The Foundations of Culture

Cultural Dynamics in Assessing Global Markets

Culture, Management Style, and Business Systems

The Political Environment: A Critical Concern

The International Legal Environment: Playing by the Rules

Developing a Global Vision Through Marketing Research

Europe, Africa, and the Middle East

The Asia Pacific Region

Global Marketing Management: Planning and Organization

Products and Services for Consumers

Products and Services for Businesses

International Marketing Channels

Integrated Marketing Communications and International Advertising

Personal Selling and Sales Management

Pricing for International Markets

Negotiating With International Customers, Partners, and Regulators

Filters

Exam 9: Economic Development and the Americas

Write a short note on newly industrialized countries.

Which of the following is NOT one of the factors changing the way countries trade and prosper in the twenty-first century?

If a market is characterized as being geographically large, has significant population, is a regional economic driver, and has undertaken significant programs of economic reform, the market is classified as a(n):

Which of the following is considered as the single most important environmental element of a country to which the foreign marketer must adjust the marketing task?

The United Nations classification of stages of economic development has been criticized because it:

All of the following countries are members of Caribbean Community and Common Market (CARICOM) EXCEPT:

The long-term goal of the LAIA (Latin American Integration Association), better known by its Spanish acronym, ALADI, is:

Among three kinds of distances that international marketers must traverse-miles, time zones, and cultural distances-time zones have the greatest influence on the success of their commercial efforts abroad.

Which of the following best characterizes the United States today with respect to the evolution of the marketing process?

According to rules of origin, for goods to be traded duty free, generally, they must contain at least ______ percent North American content.

Economic planners are often more _____ oriented than _____ oriented.

According to the evolution of the marketing process, the marketing process in a country is in which of the following substages when the only marketing function performed in a country is exchange?

Which of the following countries is a member of Latin American Integration Association (LAIA, aka ALADI)?

Big emerging markets share some common traits. One of the traits common to BEMs is that they have significant populations.

What are the various marketing functions performed when the marketing process in a country is in the commercial-transition substage?

Total foreign direct investment in Mexico has averaged _____ billion a year since 1995.

The more developed an economy, the lesser the variety of marketing functions demanded.

_____ is the fundamental objective of most developing countries.

Canada is most likely to be classified under the category of ____.

The Scope and Challenge of International Marketing

The Dynamic Environment of International Trade

History and Geography: The Foundations of Culture

Cultural Dynamics in Assessing Global Markets

Culture, Management Style, and Business Systems

The Political Environment: A Critical Concern

The International Legal Environment: Playing by the Rules

Developing a Global Vision Through Marketing Research

Europe, Africa, and the Middle East

The Asia Pacific Region

Global Marketing Management: Planning and Organization

Products and Services for Consumers

Products and Services for Businesses

International Marketing Channels

Integrated Marketing Communications and International Advertising

Personal Selling and Sales Management

Pricing for International Markets

Negotiating With International Customers, Partners, and Regulators

Filters

Economic planners are often more _ oriented than _ oriented.