When a Group of Countries Agree to Remove Barriers to the Free

question 18

Multiple Choice

When a group of countries agree to remove barriers to the free movement of labor and capital as well as any remaining nontariff barriers on goods and services,this is usually called a

• A) common market.
• B) monetary union.
• C) customs union.
• D) customs market.

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Definitions:

Strategic Channel Alliance

A partnership between two or more organizations to use each other's distribution channels to sell their products, often to expand market reach.

Global Marketing

Marketing strategies and efforts designed to promote and sell products or services on an international scale, taking into account cultural, legal, and language differences.

Marketing Channel

Pathways and intermediaries involved in the distribution of goods and services from producers to consumers.

Strategic Channel Alliance

A cooperative agreement between businesses to use each other's distribution channels to sell products or services.