Scenario 7-5
Ash Chemical produces food additives and flavorings in the United States that are used by food processing companies and consumers throughout the world. Ash's products are sold under a variety of brand names based on whether the product is sold to business or consumer users. Demand differences in local markets are attributed to differences in culture, values, tastes, and preferences of end users. As a result, Ash spends a great deal of time conducting market research in dozens of different locales at any given time. Recently, Ash Chemical has devoted significant marketing effort toward Country X and Country Y.
-(Scenario 7-5) Country X is part of a market where 75% of the world lives. Which of the following types of country is Country X?

Question

Quizplus · Accepted Answer

The mention that Country X is part of a market where 75% of the world lives suggests that it is located in a region with a high population density, which is often associated with less developed nations. Additionally, the fact that Ash Chemical is devoting significant marketing effort toward Country X suggests that it may be an emerging market, which is another characteristic of less developed nations.

Scenario 7-5 Ash Chemical Produces Food Additives and Flavorings in the United