16.The more developed an economy, the lesser the variety of marketing functions demanded. True False
17.When the only marketing functions performed are demand creation and physical distribution, the marketing process is said to be in the mass distribution substage.
18.The marketing process in the United States economy from 1950 to the present is said to be in a substage known as mass production.
19.When the marketing process in a country is in the commercial transition substage, the only marketing function performed is physical distribution.
20.Marketing structures of many developing countries are simultaneously at many stages. True False
21.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.
22.Big emerging markets share some common traits. One of the traits common to BEMs is that they have significant populations.
23.Uruguay is a member of NAFTA.
24.Mercosur is the largest common-market agreement in the Americas. True False
25.Mexico is a member of Mercosur.
26.Which of the following is a fully industrialized country?
27.Which of the following is NOT one of the factors changing the way countries trade and prosper in the twenty-first century?
28.Which of the following is considered as the single most important environmental element of a country to which the foreign marketer must adjust the marketing task? A. Political stabilityB. Economic levelC. Technological developmentD. Literacy levelE. Level of entrepreneurship