An established consumer market that primarily comprises the middle class and possesses efficient infrastructure is characteristic of ________ markets.
A) emerging
B) frontier
C) traditional
D) developed

Question

Quizplus · Accepted Answer

Developed markets are characterized by an established consumer base that comprises the middle class and possess efficient infrastructure. These markets are generally mature and stable and are known for having higher levels of consumer spending and brand loyalty. Examples of developed markets include the USA, Japan, and Western Europe. Emerging markets (A) are characterized by rapid economic growth and increasing consumer demand, but they lack the level of infrastructure and purchasing power found in developed markets. Frontier markets (B) are typically smaller, less established economies that are still in the early stages of development. Traditional markets (C) generally refer to smaller, rural markets that are characterized by traditional, localized forms of commerce and trade.

An Established Consumer Market That Primarily Comprises the Middle Class