Which Areas Represent the Three Major Market Places for International

question 227

Multiple Choice

Which areas represent the three major market places for international business?

• A) North America, South America, and Asia-Pacific
• B) North America, Europe, and Asia-Pacific
• C) South America, Africa, and Asia-Pacific
• D) South America, Europe, and Africa
• E) Asia-Pacific, Europe, and Africa

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Definitions:

Tariff

Tariff is a tax imposed by a government on goods and services imported from other countries to protect domestic industries or generate revenue.

Foreign-Produced Automobiles

Vehicles that are manufactured outside of a country's boundaries and then imported for sale within that country.

Tariff

A tax imposed by a government on goods and services imported from other countries, often to protect domestic industries or generate revenue.