MBA 776 Exam 3: Questions And Answers - 100%
Correct
Miles, time zones, cultural distance Correct Answer - International
marketers deal with three kinds of distance:
Time zones Correct Answer - _______ __________ have greatest impact on
success abroad
Same Correct Answer - Economic growth and trade is more likely to take
place within regions in the ______ time zone due to the ease of doing business
Americas, Europe/Africa, Asia Pacific Correct Answer - Three market
regions or trading blocs based on time zones:
75 Correct Answer - Latin America and other emerging markets
throughout the world will account for _____% of the world's total growth in the
next two decades and beyond
MDCs, LDCs, LLDCs Correct Answer - UN's stages of economic
development (3)
MDCs Correct Answer - Industrialized countries with high per capita
incomes such as Canada, England, France, Germany, Japan, and the US
LDCs Correct Answer - Industrially developing countries just entering
world trade, many of which are in Asia and Latin America, with relatively low
per capita incomes
LLDCs Correct Answer - Industrially underdeveloped, agrarian,
subsistence societies with rural populations, extremely low per capita income
levels, and little world trade involvement
NICs Correct Answer - LDCs that industrialize quickly; Countries that are
exporters of products like steel, autos, machine tools, clothing and electronics
as well as vast markets for imported products
, Chile, Brazil, Mexico, South Korea, Singapore, Taiwan Correct Answer -
Examples of NICs
Industrialization, foreign investors, and marketers Correct Answer - 3
objectives of developing countries
Infrastructure Correct Answer - represents capital goods that serve the
activities of many industries; examples: paved roads, railroads, seaports,
communication networks, financial networks, and energy supplies and
distribution
Marketing Correct Answer - Arbitrator between productive capacity and
consumer demand
1) market heterogenity
2) sociopolitical governance
3) unbranded competition
4) chronic shortage of resources
5) inadequate infrastructure Correct Answer - 5 weaknesses that
indicate need for adjustment in emerging markets
1) Agricultural and raw materials
2) Manufacturing
3) Marketing Correct Answer - Evolution of the marketing process three
stages
1) Traditional rural/agricultural sector
2) Modern urban/high income sector
3) Large transitional sector, low income Correct Answer - Three distinct
types of markets coexisting in a country
BEMs Correct Answer - Geographically large markets with significant
populations and have sizable markets for wide ranges of products and high
growth rates
India, China, Brazil, Mexico, Poland, Turkey and South Africa Correct
Answer - Example countries that are BEMs
Brazil, Russia, India, China and South Africa Correct Answer - BRICS
Correct
Miles, time zones, cultural distance Correct Answer - International
marketers deal with three kinds of distance:
Time zones Correct Answer - _______ __________ have greatest impact on
success abroad
Same Correct Answer - Economic growth and trade is more likely to take
place within regions in the ______ time zone due to the ease of doing business
Americas, Europe/Africa, Asia Pacific Correct Answer - Three market
regions or trading blocs based on time zones:
75 Correct Answer - Latin America and other emerging markets
throughout the world will account for _____% of the world's total growth in the
next two decades and beyond
MDCs, LDCs, LLDCs Correct Answer - UN's stages of economic
development (3)
MDCs Correct Answer - Industrialized countries with high per capita
incomes such as Canada, England, France, Germany, Japan, and the US
LDCs Correct Answer - Industrially developing countries just entering
world trade, many of which are in Asia and Latin America, with relatively low
per capita incomes
LLDCs Correct Answer - Industrially underdeveloped, agrarian,
subsistence societies with rural populations, extremely low per capita income
levels, and little world trade involvement
NICs Correct Answer - LDCs that industrialize quickly; Countries that are
exporters of products like steel, autos, machine tools, clothing and electronics
as well as vast markets for imported products
, Chile, Brazil, Mexico, South Korea, Singapore, Taiwan Correct Answer -
Examples of NICs
Industrialization, foreign investors, and marketers Correct Answer - 3
objectives of developing countries
Infrastructure Correct Answer - represents capital goods that serve the
activities of many industries; examples: paved roads, railroads, seaports,
communication networks, financial networks, and energy supplies and
distribution
Marketing Correct Answer - Arbitrator between productive capacity and
consumer demand
1) market heterogenity
2) sociopolitical governance
3) unbranded competition
4) chronic shortage of resources
5) inadequate infrastructure Correct Answer - 5 weaknesses that
indicate need for adjustment in emerging markets
1) Agricultural and raw materials
2) Manufacturing
3) Marketing Correct Answer - Evolution of the marketing process three
stages
1) Traditional rural/agricultural sector
2) Modern urban/high income sector
3) Large transitional sector, low income Correct Answer - Three distinct
types of markets coexisting in a country
BEMs Correct Answer - Geographically large markets with significant
populations and have sizable markets for wide ranges of products and high
growth rates
India, China, Brazil, Mexico, Poland, Turkey and South Africa Correct
Answer - Example countries that are BEMs
Brazil, Russia, India, China and South Africa Correct Answer - BRICS
