Developing a Completely New Product to Take Advantage of a Unique

question 41

Multiple Choice

Developing a completely new product to take advantage of a unique foreign opportunity is called product:

• A) prototyping.
• B) commercialization.
• C) invention.
• D) origination.

---

Definitions:

Colonists

Individuals who settle in a new land or territory but maintain affiliations with their country of origin, often establishing colonies.

Increased Taxes

A fiscal policy action where the government raises the taxes levied on income, goods, services, or transactions to generate additional revenue.

Parliament

The supreme legislative body in many countries, comprised of elected representatives who have the authority to make or change laws.

Colonists

Individuals who leave their native country to settle in a new land, forming colonies, often for economic, religious, or political reasons.