Question

What are the marketing implications for these economies?

• Resource-poor undeveloped economies
• Resource-rich undeveloped economies
• Emerging economies
• Developed economies

Answer 1

1) Resource Poor underdeveloped countries: The main Market implication on these kind of economies is that they are not useful for business to expand or earn profit as these countries growth will be low and inflation will be high. So chances of losses are great so no business will try to enter the market.

2) Resource Rich under developed country: In this type of countries everyone want to expand and invest as they want to use the resources for their own advantage. Most of the times labour costs in this country will low. So they will invest in this country to exploit or use the resources. It is always a positive outcome for business by investing in this countries.

3) Emerging countries: This country will have a very good growth rate as it is in expanding stage. So market implications of having a negative outcome is very less. So investing in this countries will help them to expand and earn profit.

4) Developed country: The main Market implication is competition as the chance of a new entry to over come the competition is very less. So the Chance of loses is greater. So no one wants to enter a developed country due to huge competition.