Which statement about less-developed countries (LDCs) is true?
A) Almost all countries in Europe are LDCs.
B) In LDCs, consumers tend to purchase more nonessential products.
C) LDCs are characterized by solid infrastructures.
D) LDCs represent a potentially huge and profitable market for many businesses.
E) LDCs are characterized by high per-capita income.

Question

Quizplus · Accepted Answer

Many countries in Africa, Asia, and South America are less economically advanced than those in North America and Europe. These less-developed countries (LDCs) are characterized by low per-capita income, which means consumers are less likely to purchase nonessential items. Nonetheless, LDCs represent a potentially huge and profitable market for many businesses because they may be buying technology to improve their infrastructures, and much of the population may desire consumer products.

Which Statement About Less-Developed Countries (LDCs) Is True