Emerging markets are ________.
A) developing economies where goods and services are directly exchanged for other goods and services
B) post-industrial countries characterized by high per-capita income, highly competitive industries, and well-developed commercial infrastructure
C) low-income countries characterized by limited industrialization and stagnant economies
D) former developing economies that have achieved substantial industrialization, modernization, and rapid economic growth since the 1980s
Question 2
Which of the following is true about cross-border contractual relationships?
A) It is a more visible strategy than FDI and draws a lot of criticism from the local market.
B) They are more susceptible to volatility and risk compared to FDI.
C) A local firm allows the focal firm to blend into the local market, attracting less attention.
D) Focal firms use contractual relationships as an advanced entry strategy in foreign markets.
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