Which of the Following DOES NOT Describe a Less Developed

question 37

Multiple Choice

Which of the following DOES NOT describe a less developed country?

• A)Countries where hunger, illiteracy, and poverty are common.
• B)Countries such as Mali, Bangladesh, and Ethiopia where the economies of the nation are primarily agriculturally based.
• C)Countries with low levels of industrialization, very high rates of population growth, very high infant mortality rates, and very low per person incomes.
• D)Countries with abundant capital for investment but with limited unskilled labor.

---

Definitions:

Utility

The benefits or customer value received by users of the product.

Retailing

All activities involved in selling, renting, and providing products and services to ultimate consumers for personal, family, or household use.

Marketing Activity

Any action or task carried out by a company to promote and sell its products or services, including advertising, promotions, and public relations.

Customer Value

Customer value refers to the perception of benefits derived from a product or service in relation to its cost, influencing buying behavior and customer loyalty.