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The four types of industrial structures are as follows:1.Subsistence economies: the vast majority of people engage in simple agriculture. They consume most of their output and barter the rest for simple goods and services. They offer limited market opportunities2.Raw material exporting economies: These economies are rich in one or more natural resources but poor in other ways. Much of their revenue comes from exporting these resources. These countries are good markets for large equipment, tools and supplies, and trucks. If there are many foreign residents and a wealthy upper class, they are also a market for luxury goods.3.Emerging Economies: (Industrialized economies) fast growth in manufacturing results in rapid overall economic growth. Industrialization typically creates a new rich class and a small but growing middle class, both demanding new types of imported goods.4.Industrial economies: Are major exporters of manufactured goods, services, and investment funds. They trade goods among themselves and also export them to other types of economies for raw material and semi-finished goods. The varied manufacturing activities of these industrial nations and their large middle class make them rich markets for all sorts of goods.16 | P a g e
Marketing 396 Notes Final ExamInternational divisions can be organized in three ways:1.Geographical organizations2.World product groups3.International subsidiaries17 | P a g e