Exam 9: Emerging Markets

Countries that are experiencing rapid economic expansion and industrialization and do not exactly fit as LDCs or MDCs are typically referred to as:

What is occurring in the BEMs is analogous to the situation after World War II when tremendous demand was created during the reconstruction of Europe.

Countries begin to lose economic development ground when their infrastructure cannot support an expanding population and economy.

The current level of economic development within a country dictates the kind and degree of market potential that exists.

With respect to the United Nations' stages of economic development,the most advanced stage is one described as industrialized countries with high per capita incomes.

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 industrially underdeveloped,agrarian,subsistence society with rural populations,extremely low per capita income levels,the country is in which of the following groups?

Consumers in countries with low per capita incomes show remarkable resourcefulness in finding ways to buy what really matters to them.

Mark Swift is in the process of deciding whether to make a major commitment or not in the Asian market.If Mark decides to expand into this market it will commit his company for at least ten years.Write a one to two paragraph summary of why Mark should expand into Asia.You may cite product or industry successes to support your contention.

With respect to economic development in developing countries,economic growth is measured not solely in economic goals but also in __________.

The Internet accelerated the process of economic growth by speeding up the diffusion of ____________ to emerging economies.

Which of the following would be characterized as being the fundamental objective of most developing countries?

What does the term economic development mean?

The United Nations stages of economic development has been criticized because it __________.

Morris Mayer has found it difficult to accurately estimate market potential in Mexico.He has observed that while Mexico has had rapid technological growth and production that can certainly be classified as modern,it also has certain traditional sectors in the rural parts of the country that are at best primitive.This situation is best described as one arising from the __________.

A key to economic development in Eastern Europe has been the ability to adopt advertising techniques used in the West.

Countries like Chile,Brazil,Mexico,and South Korea attract trade and foreign direct investment.These countries are called ________________ or NICs.

Miles (or kilometers)of roads,rail lines,numbers of vehicles,mobile phones,and personal computers are indicators of a country's external market structure.

__________ is generally understood to mean an increase in national production that results in an increase in the average per capita gross domestic product (GDP).

If a country was primarily dominated by nomadic or hunting tribes,which of the following stages of the marketing process would most likely be used to describe the country?

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