two major classifications of stages of economic development helpful to global marketers are
A) capitalist and communist.
B) developed and underdeveloped.
C) developed and developing.
D) capitalist and developing.
E) free enterprise and planned economy.

Question

Quizplus · Accepted Answer

The two major classifications of stages of economic development helpful to global marketers are developed and developing. This categorization is useful in determining the purchasing power and potential of a target market, as well as the appropriate marketing strategies and tactics to use in each stage. It is also important for global marketers to understand the cultural, social, and economic factors that influence consumer behavior in these stages.

Two Major Classifications of Stages of Economic Development Helpful to Global