Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

Which of the following countries is a member of the free trade agreement DR-CAFTA?

Accepted Answer

A)  Bahrain 
B)  Bhutan 
C)  Morocco 
D)  Costa Rica 
E)  Oman 
A)  Bahrain 
B)  Bhutan 
C)  Morocco 
D)  Costa Rica 
E)  Oman

Question 3

What is happening in BEMs today is analogous to what happened in:

Accepted Answer

A)  Saudi Arabia in the 1800s. 
B)  India during the British Empire period. 
C)  Russia after the fall of the Czar. 
D)  Europe after World War II. 
E)  Iraq between 1890 to 1990. 
A)  Saudi Arabia in the 1800s. 
B)  India during the British Empire period. 
C)  Russia after the fall of the Czar. 
D)  Europe after World War II. 
E)  Iraq between 1890 to 1990.

Question 4

The presence of large, accessible markets with low tariffs has contributed to the economic growth of newly industrialized countries (NICs).

Accepted Answer

A) True 
 B)False

Question 5

The DR-CAFTA includes a wide array of tariff reductions aimed at increasing trade and employment.

Accepted Answer

A) True 
 B)False

Question 6

_____ required the United States, Canada and Mexico to remove all tariffs and trade barriers over 15 years, and beginning in 2008, all tariff barriers were officially dropped.

Accepted Answer

A)  Mercosur 
B)  LAIA 
C)  CARICOM 
D)  NAFTA 
E)  DR-CFTA 
A)  Mercosur 
B)  LAIA 
C)  CARICOM 
D)  NAFTA 
E)  DR-CFTA

Question 7

As a country develops, market behavior changes and eventually it leads to market segmentation.

Accepted Answer

A) True 
 B)False

Question 8

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)  two-sided market 
B)  contestable market 
C)  captive market 
D)  niche market 
E)  big emerging market 
A)  two-sided market 
B)  contestable market 
C)  captive market 
D)  niche market 
E)  big emerging market

Question 9

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)  Social norms 
D)  Literacy level 
E)  Cultural orientation 
A)  Political stability 
B)  Economic level 
C)  Social norms 
D)  Literacy level 
E)  Cultural orientation

Question 10

Canada is classified under the category of _____.

Accepted Answer

A)  third world countries 
B)  least-developed countries 
C)  more-developed countries 
D)  newly industrialized countries 
E)  pre-emerging countries 
A)  third world countries 
B)  least-developed countries 
C)  more-developed countries 
D)  newly industrialized countries 
E)  pre-emerging countries

Question 11

The level of market development roughly parallels the stages of _____.

Accepted Answer

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

Question 12

Big emerging markets are of major political importance within their regions.

Accepted Answer

A) True 
 B)False

Question 13

More household money goes for _____ in emerging markets than in developed markets.

Accepted Answer

A)  housing 
B)  transportation 
C)  food 
D)  leisure 
E)  education 
A)  housing 
B)  transportation 
C)  food 
D)  leisure 
E)  education

Question 14

Bahamas is a member of _____.

Accepted Answer

A)  CARICOM 
B)  NAFTA 
C)  CFTA 
D)  LAIA 
E)  Mercosur 
A)  CARICOM 
B)  NAFTA 
C)  CFTA 
D)  LAIA 
E)  Mercosur

Question 15

What is economic development?

Accepted Answer

Economic development is generally unders

Question 16

NAFTA differs from Mercosur in that NAFTA:

Accepted Answer

A)  was provided legal basis by the Treaty of Asunción. 
B)  is the second-largest common-market agreement in the Americas after Mercosur. 
C)  includes Argentina, Bolivia, Brazil, Chile, Paraguay, and Uruguay. 
D)  is a comprehensive trade agreement that addresses and improves all aspects of doing business within North America. 
E)  aimed at establishing a common currency for its Latin American members. 
A)  was provided legal basis by the Treaty of Asunción. 
B)  is the second-largest common-market agreement in the Americas after Mercosur. 
C)  includes Argentina, Bolivia, Brazil, Chile, Paraguay, and Uruguay. 
D)  is a comprehensive trade agreement that addresses and improves all aspects of doing business within North America. 
E)  aimed at establishing a common currency for its Latin American members.

Question 17

Mercosur is a free trade group formed by the United States of America.

Accepted Answer

A) True 
 B)False

Question 18

Estimating market potential in less-developed countries involves additional challenges, but most of the difficulty arises from the _____.

Accepted Answer

A)  coexistence of three distinct kinds of markets in each country 
B)  dependence of the markets on the industrialized sectors 
C)  lower wage rates of the workforce 
D)  high fluctuation in the currency rate 
E)  higher concentration of population residing in the urban areas 
A)  coexistence of three distinct kinds of markets in each country 
B)  dependence of the markets on the industrialized sectors 
C)  lower wage rates of the workforce 
D)  high fluctuation in the currency rate 
E)  higher concentration of population residing in the urban areas

Question 19

The marketing process substage in the United States economy from 1950 to the present is mass production.

Accepted Answer

A) True 
 B)False

Question 20

According to the evolution of the marketing process, when the only marketing functions performed are demand creation, physical distribution, and market information analysis, the marketing process is in the _____ substage.

Accepted Answer

A)  mass production 
B)  commercial-transition 
C)  self-sufficient 
D)  surplus commodity product 
E)  small scale 
A)  mass production 
B)  commercial-transition 
C)  self-sufficient 
D)  surplus commodity product 
E)  small scale

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

Which of the following countries is a member of the free trade agreement DR-CAFTA?

What is happening in BEMs today is analogous to what happened in:

The presence of large, accessible markets with low tariffs has contributed to the economic growth of newly industrialized countries (NICs).

The DR-CAFTA includes a wide array of tariff reductions aimed at increasing trade and employment.

_____ required the United States, Canada and Mexico to remove all tariffs and trade barriers over 15 years, and beginning in 2008, all tariff barriers were officially dropped.

As a country develops, market behavior changes and eventually it leads to market segmentation.

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?

Canada is classified under the category of _____.

The level of market development roughly parallels the stages of _____.

Big emerging markets are of major political importance within their regions.

More household money goes for _____ in emerging markets than in developed markets.

Bahamas is a member of _____.

What is economic development?

NAFTA differs from Mercosur in that NAFTA:

Mercosur is a free trade group formed by the United States of America.

Estimating market potential in less-developed countries involves additional challenges, but most of the difficulty arises from the _____.

The marketing process substage in the United States economy from 1950 to the present is mass production.

According to the evolution of the marketing process, when the only marketing functions performed are demand creation, physical distribution, and market information analysis, the marketing process is in the _____ substage.

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

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

Which of the following countries is a member of the free trade agreement DR-CAFTA?

What is happening in BEMs today is analogous to what happened in:

The presence of large, accessible markets with low tariffs has contributed to the economic growth of newly industrialized countries (NICs).

The DR-CAFTA includes a wide array of tariff reductions aimed at increasing trade and employment.

_____ required the United States, Canada and Mexico to remove all tariffs and trade barriers over 15 years, and beginning in 2008, all tariff barriers were officially dropped.

As a country develops, market behavior changes and eventually it leads to market segmentation.

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?

Canada is classified under the category of _____.

The level of market development roughly parallels the stages of _____.

Big emerging markets are of major political importance within their regions.

More household money goes for _____ in emerging markets than in developed markets.

Bahamas is a member of _____.

What is economic development?

NAFTA differs from Mercosur in that NAFTA:

Mercosur is a free trade group formed by the United States of America.

Estimating market potential in less-developed countries involves additional challenges, but most of the difficulty arises from the _____.

The marketing process substage in the United States economy from 1950 to the present is mass production.

According to the evolution of the marketing process, when the only marketing functions performed are demand creation, physical distribution, and market information analysis, the marketing process is in the _____ substage.

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