Which of the Following Was Created by the Mercosur Member

question 88

Multiple Choice

Which of the following was created by the Mercosur member nations, primarily in response to NAFTA?

• A)FTAA
• B)CAFTA
• C)ASEAN
• D)GATT
• E)EU

---

Definitions:

Competitive Advantage

A condition or circumstance that puts a company in a favorable or superior business position compared to its competitors.

Pricing

The process of determining the value or amount charged for a product or service.

Market

A market is a venue where buyers and sellers come together to exchange goods, services, or information, either physically or virtually.

Price Discrimination

A pricing strategy where a seller charges different prices for the same product or service to different customers, based on various factors not related to costs.