1. Emerging markets a. Give an example of demand growing in a specific emerging market and a product category. b. Ask a responding question in regards to where emerging markets are mostly found? Solution 1) example of - Advance economies-The richest countries. Australia, Canada, Japan, the United States, and nations of western Europe. Developing economies-Bangladesh, Bolivia, and Zaire Emerging markets-Indonesia, Mexico, Poland, and Turkey 2)Emerging markets are attractive for international markets because- Emerging markets like India, and China presents some of the most unexploited markets. These markets offer international companies opportunities for growth through their ready market and available labor. The emerging markets also present the international companies with a permissive and well structured markets market, with friendly business environment. As a platform for manufacturing, they present the best infrastructure for manufacturing as the raw materials are not fully exploited and then infrastructure is available. On the other hand, as sourcing destination, the emerging market presents the cheapest, competent and ready labor forces. All international companies would like to establish their officer because of the friendly laws, ready market, cheaper labor force and competent staff who are knowledgeable in wide range of disciplines. 3)some of the risks and challenges of emerging markets- 4)Give examples of strategies for entering emerging markets- Listed, in order of risk (low to high): 1. Export/Import Business 2. Licensing 3. Franchising 4. Strategic Alliances 5. Joint Ventures 6. Foreign Acquisitions 7. Wholly-Owned Subsidiaries.