Question 1

When the marketing process is characterized by mass distribution, all of the following marketing functions are performed EXCEPT _____.

Accepted Answer

A)  demand creation 
B)  market information analysis 
C)  physical distribution 
D)  exchange 
E)  market and product planning, development 
A)  demand creation 
B)  market information analysis 
C)  physical distribution 
D)  exchange 
E)  market and product planning, development

Question 2

Which of the following is an indicator of economic development?

Accepted Answer

A)  Population expansion. 
B)  Expanding state ownership. 
C)  Extent of social overhead capital. 
D)  Social reformation. 
E)  Cultural diversity. 
A)  Population expansion. 
B)  Expanding state ownership. 
C)  Extent of social overhead capital. 
D)  Social reformation. 
E)  Cultural diversity.

Question 3

High transaction costs associated with the use of the Internet prevents smaller firms in emerging countries from selling into a global market.

Accepted Answer

A) True 
 B)False

Question 4

Describe the political and economic changes affecting global marketing.

Accepted Answer

Not many years ago, large parts of the d

Question 5

Which of the following is a result of state ownership?

Accepted Answer

A)  Inclusion of foreign and domestic private ownership. 
B)  Efficient state treasuries. 
C)  Efficient public companies. 
D)  Predictable regulatory environments. 
E)  Inflated public-sector bureaucracies. 
A)  Inclusion of foreign and domestic private ownership. 
B)  Efficient state treasuries. 
C)  Efficient public companies. 
D)  Predictable regulatory environments. 
E)  Inflated public-sector bureaucracies.

Question 6

With respect to the evolution of the marketing process, which of the following would be considered to be the most fundamental substage (first substage)?

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 7

Mercosur is the largest common-market agreement in the Americas.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following substages 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 9

In which of the following countries is the literacy rate 100 percent?

Accepted Answer

A)  Mexico 
B)  Canada 
C)  Colombia 
D)  Argentina 
E)  Peru 
A)  Mexico 
B)  Canada 
C)  Colombia 
D)  Argentina 
E)  Peru

Question 10

Most newly industrialized countries (NICs) have moved away from restrictive trade practices and instituted significant free market reforms. As a result these countries have:

Accepted Answer

A)  attracted both trade and foreign direct investment. 
B)  overcome environmental damages caused by lack of development. 
C)  reduced population pressures through labor outsourcing. 
D)  obtained significant amount of loans from World Bank. 
E)  taken measures to protect their cultures and traditions. 
A)  attracted both trade and foreign direct investment. 
B)  overcome environmental damages caused by lack of development. 
C)  reduced population pressures through labor outsourcing. 
D)  obtained significant amount of loans from World Bank. 
E)  taken measures to protect their cultures and traditions.

Question 11

According to the United Nations' stages of economic development for classifying countries with respect to levels of industrialization, a country that is industrially underdeveloped, agrarian, has subsistence society with rural populations and extremely low per capita income levels falls under the category of _____.

Accepted Answer

A)  first world countries 
B)  least-developed countries 
C)  less-developed countries 
D)  newly industrialized countries 
E)  big emerging markets 
A)  first world countries 
B)  least-developed countries 
C)  less-developed countries 
D)  newly industrialized countries 
E)  big emerging markets

Question 12

Describe the three categories in which the United Nations classifies a country's stage of economic development on the basis of its level of industrialization.

Accepted Answer

The three categories in which the United

Question 13

Considering the United Nations' stages of economic development for classifying countries with respect to levels of industrialization, Brazil falls under the group of more-developed countries (MDCs).

Accepted Answer

A) True 
 B)False

Question 14

One of the most important aspects of LAIA that differs from LAFTA is the differential treatment of member countries according to their level of economic development

Accepted Answer

A) True 
 B)False

Question 15

Economic development means rapid economic growth and increases in consumer demand.

Accepted Answer

A) True 
 B)False

Question 16

_____ is an economy's arbitrator between productive capacity and consumer demand.

Accepted Answer

A)  Warehousing 
B)  Marketing 
C)  Convergence 
D)  Procurement 
E)  Outsourcing 
A)  Warehousing 
B)  Marketing 
C)  Convergence 
D)  Procurement 
E)  Outsourcing

Question 17

Economic planners are most likely to be least concerned with the problems related to _____.

Accepted Answer

A)  production 
B)  finance 
C)  expenditure 
D)  distribution 
E)  investment 
A)  production 
B)  finance 
C)  expenditure 
D)  distribution 
E)  investment

Question 18

Which of the following is the largest common-market agreement in the Americas?

Accepted Answer

A)  CFTA 
B)  NAFTA 
C)  Mercosur 
D)  DR-CAFTA 
E)  SAFTA 
A)  CFTA 
B)  NAFTA 
C)  Mercosur 
D)  DR-CAFTA 
E)  SAFTA

Question 19

_____ refers to an increase in national production that is reflected by an increase in the average per capita gross domestic product (GDP) or gross national income (GNI).

Accepted Answer

A)  Economic repression 
B)  Economic duress 
C)  Economic equilibrium 
D)  Economic development 
E)  Economic sustainability 
A)  Economic repression 
B)  Economic duress 
C)  Economic equilibrium 
D)  Economic development 
E)  Economic sustainability

Question 20

Dynamic economies differ from static economies in that dynamic economies:

Accepted Answer

A)  need not match marketing efforts with the market needs and wants. 
B)  have rapidly changing consumption patterns. 
C)  have rigid consumption patterns. 
D)  define marketing as typically nothing more than a supply effort. 
E)  do not require the marketer to be prepared for economic shifts and emerging markets. 
A)  need not match marketing efforts with the market needs and wants. 
B)  have rapidly changing consumption patterns. 
C)  have rigid consumption patterns. 
D)  define marketing as typically nothing more than a supply effort. 
E)  do not require the marketer to be prepared for economic shifts and emerging markets.

When the marketing process is characterized by mass distribution, all of the following marketing functions are performed EXCEPT _____.

Which of the following is an indicator of economic development?

High transaction costs associated with the use of the Internet prevents smaller firms in emerging countries from selling into a global market.

Describe the political and economic changes affecting global marketing.

Which of the following is a result of state ownership?

With respect to the evolution of the marketing process, which of the following would be considered to be the most fundamental substage (first substage)?

Mercosur is the largest common-market agreement in the Americas.

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

In which of the following countries is the literacy rate 100 percent?

Most newly industrialized countries (NICs) have moved away from restrictive trade practices and instituted significant free market reforms. As a result these countries have:

Describe the three categories in which the United Nations classifies a country's stage of economic development on the basis of its level of industrialization.

Considering the United Nations' stages of economic development for classifying countries with respect to levels of industrialization, Brazil falls under the group of more-developed countries (MDCs).

One of the most important aspects of LAIA that differs from LAFTA is the differential treatment of member countries according to their level of economic development

Economic development means rapid economic growth and increases in consumer demand.

_____ is an economy's arbitrator between productive capacity and consumer demand.

Economic planners are most likely to be least concerned with the problems related to _____.

Which of the following is the largest common-market agreement in the Americas?

_____ refers to an increase in national production that is reflected by an increase in the average per capita gross domestic product (GDP) or gross national income (GNI).

Dynamic economies differ from static economies in that dynamic economies:

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

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

When the marketing process is characterized by mass distribution, all of the following marketing functions are performed EXCEPT _____.

Which of the following is an indicator of economic development?

High transaction costs associated with the use of the Internet prevents smaller firms in emerging countries from selling into a global market.

Describe the political and economic changes affecting global marketing.

Which of the following is a result of state ownership?

With respect to the evolution of the marketing process, which of the following would be considered to be the most fundamental substage (first substage)?

Mercosur is the largest common-market agreement in the Americas.

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

In which of the following countries is the literacy rate 100 percent?

Most newly industrialized countries (NICs) have moved away from restrictive trade practices and instituted significant free market reforms. As a result these countries have:

Describe the three categories in which the United Nations classifies a country's stage of economic development on the basis of its level of industrialization.

Considering the United Nations' stages of economic development for classifying countries with respect to levels of industrialization, Brazil falls under the group of more-developed countries (MDCs).

One of the most important aspects of LAIA that differs from LAFTA is the differential treatment of member countries according to their level of economic development

Economic development means rapid economic growth and increases in consumer demand.

_____ is an economy's arbitrator between productive capacity and consumer demand.

Economic planners are most likely to be least concerned with the problems related to _____.

Which of the following is the largest common-market agreement in the Americas?

_____ refers to an increase in national production that is reflected by an increase in the average per capita gross domestic product (GDP) or gross national income (GNI).

Dynamic economies differ from static economies in that dynamic economies:

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

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