Explain Scope of Strategic Fit

question 41

Essay

Explain scope of strategic fit.

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Definitions:

Economic Integration

The process by which different countries reduce trade barriers and coordinate their economic policies to facilitate more efficient trade and investment.

Free-Trade Zone

A specially designated area where goods can be imported, stored, handled, manufactured, or reconfigured without being subject to customs duty.

Dumping

The practice of a company or country exporting goods at a price lower than their domestic market or below their cost of production.

Exports

Goods or services sold by a country to buyers in other countries.