Which of the following statements is true of a "new emerging market"?
A)It refers to a market with very high levels of competition.
B)It refers to a market where the number of current customers is small.
C)It refers to a market that has very low market potential.
D)It refers to a market that is completely saturated,and does not provide much growth potential.
E)It is characterized by low levels of risk.

Question

Quizplus · Accepted Answer

A new emerging market refers to a market that is just beginning to develop and has the potential for future growth. Therefore, it is likely that the number of current customers is small. Option A is incorrect because high competition is not a defining characteristic of emerging markets. Option C is incorrect because emerging markets tend to have high market potential due to their potential for growth. Option D is incorrect because emerging markets, by definition, are not completely saturated. Option E is incorrect because emerging markets are often associated with higher levels of risk due to their uncertain and undeveloped nature.

Which of the Following Statements Is True of a "New