Examlex
Calla is the manager for a fragrance company that is considering starting a line of organic perfumes. Her employees have mixed feelings about this idea. Some criticize it as being impractical, but others are enthusiastic about it, despite the costs involved in producing perfumes with organic ingredients. Which of the following actions should Calla take to efficiently and effectively ensure that the company's organic perfume line reaches the end consumer?
Import Substitution
An economic policy that aims to replace foreign imports with domestic production, often through the use of tariffs, quotas, and other trade barriers.
Economic Growth
An increase in the production of goods and services in an economy over a period, typically measured by the rise in real GDP.
Foreign Financing
Funding sourced from foreign countries, including loans, investments, and other financial resources, to support domestic expenditures.
Developing Countries
Countries characterized by their underdeveloped economies, low-quality of life, and inferior industrial infrastructure, consistently scoring low on the Human Development Index (HDI) in comparison to other nations.
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