Which of the Following Causes a Difference Between Marketing in Developed

question 2

Multiple Choice

Which of the following causes a difference between marketing in developed countries and marketing in developing countries?

• A) The cost of production varies substantially between the developed and the developing world.
• B) The disparity between the rich and the poor in the developing world is reducing.
• C) There are substantial cultural differences between the developed and the developing world.
• D) Marketing in developing countries is far more expensive than in the developed world.
• E) The developing countries have more trade barriers in place than the developed countries.

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Definitions:

Labor-Augmenting

Technological improvements or changes that increase the efficiency or productivity of labor.

Marginal Productivity

The additional output resulting from the employment of one more unit of a factor of production, holding all other inputs constant.

Labor Supply Curves

The graphical representation of the relationship between the labor provided by employees and the wage rate.

Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen.