Exam 2: An Overview of the International Marketing Environment

The fall of communism in Europe and the recent structural changes in China and Vietnam have reduced considerably the areas dominated by the ______________________________ philosophy on economic development.

Commercial payment terms and collection experience indicate the availability of _________________________ reserves.

According to the Rostow model, each stage of economic development is a function of productivity, economic exchange, technological improvements, and income.

Which of the following is not a form of nationalization?

____ determines access to the market and affects distribution decisions.

During "drive-to-maturity" stage of the Rostow Modernization model, growth becomes the norm and improvements in production lead to the emergence of leading sectors.

Which of the following is not a trait of a high-income country?

During the ____________________ stage of the Rostow Modernization Model, growth becomes the norm and improvements in production lead the emergence of leading sectors.

Historically, the informal and frequently used classification in the West has referred to highly industrialized, high-income countries as the First World, to Islamic countries as the Second World, and to developing countries as the Third World.

During which stage of the Rostow Modernization model does growth become the norm and improvements in production lead to the emergence of leading sectors?

_________________________ countries have a GNI per capita of above US$10,725.

During which stage of the Rostow Modernization model is modern technology fully adopted in all economic activity?

________________________________ have rapidly developing economies, and especially in urban areas, they have an infrastructure that is on par with that of developed countries.

The Marxist-Leninist (Maoist) model fuels anticolonial and _________________________ sentiments.

The ___________________________________ model is a competing alternative for developing nations seeking to avoid domination by advanced market capitalist economies.

Which of the following sources provides a country risk rating on a scale from 1 to 10, and risk perception and collection experience for the previous four months?

____ are highly industrialized countries which have strong industrial and service sectors.

General repression by the elite - especially if the elite's position is not considered legitimate - is always a signal of ______________________________.

Emerging markets are attractive to international firms due to their:

Countries, by permitting international trade and by entering into international agreements, limit their sovereignty.