Many Developing Countries Were Once Under Colonial Rule,a System of Government

question 89

Multiple Choice

Many developing countries were once under colonial rule,a system of government that:

• A)offered the local population large opportunities to develop entrepreneurial skills.
• B)offered the local population fewer opportunities to develop entrepreneurial skills.
• C)did not offer any opportunity to the local population to develop entrepreneurial skills.
• D)believed in a free-market economy.
• E)offered immigrants opportunities to become entrepreneurs.

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Definitions:

New-product Strategy

A plan that outlines the conceptualization, development, and launch of new products, considering the target market and the competitive landscape.

Strategy Development

It involves creating plans and tactics to achieve a specific organizational goal or objective, typically by analyzing internal and external environments.

Prove Profitable

To demonstrate or confirm that an activity, investment, or venture is generating a financial profit or benefit.

Product-line Extension

The addition of new products to an existing line, offering customers new choices and expanding the product range.