Describe and compare the three basic levels of economic development
What will be an ideal response?
A country's level of economic development is a broad picture that looks past GDP to include an assessment of the country's standard of living and the steps the country is taking to improve its economic health. A least developed country (LDC) in most cases has an agricultural-based economy. People grow what they need and barter for the rest. These countries are attractive markets for staples and inexpensive items. Developing countries usually have a viable middle class that is growing. Developing countries are moving away from an emphasis on agriculture to an emphasis on industry, and standards of living, education, and the use of technology are on the rise. These countries are the future market for consumer goods. Developed countries have sophisticated marketing systems, strong private enterprises, and bountiful market potential for many goods and services. Such countries are economically advanced and offer a wide range of opportunities for international marketers.
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Which of the following is/are necessary for systematic sampling?
A) random-starting point and skip interval B) random-digit dialing and skip interval C) random-plus dialing, random selection and skip interval D) just a skip interval E) systematically partitioning data from the sample
Team-written documents and presentations are standard in most organizations because collaboration produces a better product
Indicate whether the statement is true or false
A communication need can come from either the sender's mind or an organizational situation
Indicate whether the statement is true or false
After having a positive service experience at Lens Crafters when she had her eyes examined and purchased new contact lenses, Diane recommended Lens Crafters to two of her friends who were planning to get new eyeglasses. Diane is performing which of the following customer jobs?
A. Promoting the company B. Helping others C. Recruiting customers D. Positioning the company E. Helping himself or herself