A Recommended Policy for DVCs to Implement That Promotes Economic

question 115

Multiple Choice

A recommended policy for DVCs to implement that promotes economic growth is

• A)establishing realistic policies for exchange rates.
• B)obtaining more low-interest loans from the U.S. government.
• C)encouraging more tariffs and quotas to protect DVC businesses.
• D)discouraging direct foreign investment to make DVCs more self-sufficient.

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Definitions:

Cost Focus

A business strategy aiming to become the lowest-cost producer in an industry for a particular segment or niche.

Generic Business Strategy

A basic framework for a business approach focusing on cost leadership, differentiation, or focus/niche to achieve competitive advantage.

Cost Focus

A business strategy that aims to become the lowest-cost producer in an industry or market segment to gain a competitive advantage.

Market Segments

Market Segments are distinct groups of consumers within a broader market who share similar characteristics and needs.