_____ Refers to the Unrestricted Movement of Goods and Services

question 19

Multiple Choice

_____ refers to the unrestricted movement of goods and services across international borders.

• A) Protectionism
• B) Countertrade
• C) Free trade
• D) Direct investment

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Definitions:

Mass Customization

A strategy that combines the low costs of mass production with the flexibility of individual customization.

Build-to-order

A production approach where products are not made until an order is received, allowing for high customization and minimizing inventory costs.

Product Positioning

The strategy of placing a product in a market in such a way that it stands out in consumers' minds relative to competitors.

Approaches

Methods or techniques used to tackle problems, tasks, or create new strategies in various fields.