BUS 622 BUS:622 BUS622 WEEK 1 DISCUSSION 2 (ASHFORD)

BUS 622 BUS/622 BUS622 WEEK 1 DISCUSSION 2 (ASHFORD)
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Ashford BUS 622 Week 1 Discussion 2 The Global Marketing Environment
The Global Marketing Environment [WLO: 2] [CLO: 1]. 1st Post Due by Day 3. Prior to beginning work on this
discussion, read Chapter 2: The Global Marketing Environment, and pay close attention to the main types
ofeconomic systems and the stages of market development. The economic environment is a major determinant of
global market potential and opportunity. A country’s economic environment has a bearing on how a business will
function. Global companies depend on the economic environment for inputs and to sell their finished goods. Keegan
and Green (2017) state that “traditionally, economists identified four main types of economic systems: market
capitalism, centrally planned socialism, centrally planned capitalism, and market socialism” (p. 43).
In your initial post,
Choose a global company and a single market in which it operates.
o Discuss the factors that constitute the economic environment of this type of business.
Explain why it is important to understand when markets are at different stages of economic development.
Explain how the World Bank’s four-category classification system, which measures gross national income (GNI),
adds value to an organization.