Quiz on Emerging Markets

What is a key characteristic of emerging markets?

• Fully developed infrastructure

• Stable political environments

• High per capita income

• High levels of institutional voids

Which of the following is considered hard infrastructure?

• Consumer trust

• Legal systems

• Telecommunication networks

• Market institutions

What does the term 'institutional voids' refer to?

• Strong market institutions

• High levels of competition

• Absence of market intermediaries

• Well-functioning legal systems

Which of the following is an example of soft infrastructure?

• Market regulations

• Roads and bridges

• Telecommunication networks

• Power plants

What is a common issue in the used car market in emerging markets?

• Abundant financing options

• Standardized pricing

• Information asymmetry

• High levels of consumer trust

Which of the following is a feature of market institutions in developed markets?

• Lack of intermediaries

• Limited consumer information

• High transaction costs

• Ease of buyer-seller interaction

What is a significant challenge for businesses in emerging markets?

• Excessive competition

• Advanced technological infrastructure

• Chronic resource shortages

• High consumer income

Which of the following best describes market heterogeneity in emerging markets?

• Fragmented and diverse markets

• High levels of brand loyalty

• Standardized product offerings

• Uniform consumer preferences

What role do socio-political institutions play in emerging markets?

• They reduce government intervention

• They have minimal influence

• They promote competition

• They govern market dynamics

What is a common characteristic of unbranded competition in emerging markets?

• Significant market share

• High brand recognition

• Prevalence of homemade products

• Low consumer engagement