Which of the Following Is Another Term for Importing

question 6

Multiple Choice

Which of the following is another term for importing?

• A) capital investment
• B) supply side development
• C) global sourcing
• D) unilateral procurement

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Definitions:

Contestable Markets Model

An economic concept suggesting that a market is competitive if entry and exit costs are low, even if it is dominated by a few firms.

Oligopoly

A market structure characterized by a small number of large firms dominating the industry, leading to limited competition and potential for collaboration in setting prices.

Differentiate Products

Strategies employed by businesses to make their products stand out from those of competitors, such as through quality, design, or features.

Oligopolies

Market structures characterized by a small number of firms dominating the market, leading to reduced competition.