The 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 helps marketers identify potential markets for their products and services based on the level of economic activity, infrastructure, and consumer behavior in a particular country or region. The terms "developed" and "developing" are used to describe the economic growth, infrastructure, and standard of living in a particular region. This classification is widely used by marketers and international organizations to understand the economic and market potential of different countries.

The Two Major Classifications of Stages of Economic Development Helpful