Nepal Belongs to Which of the Following Regional Trade Alliances

question 38

Multiple Choice

Nepal belongs to which of the following regional trade alliances?

• A) Asia-Pacific Economic Cooperation
• B) South Asian Association for Regional Cooperation
• C) Common Wealth of Independent States
• D) Association of Southeast Asian Nations

Understand and differentiate between legal and illegal global market behaviors.

Explain the practice of dumping and its implications on international trade.

Grasp the significance of ethical business practices in global markets.

Recognize the importance of customization and invention in global product strategies.

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Definitions:

Outsource Production

The practice of delegating production or manufacturing processes to external firms, often to reduce costs or access specialized skills.

Fixed Costs

Costs that do not change with the amount of goods or services produced or sold, such as rent, salaries, or insurance.

Flash Frozen

A method of preserving food by rapidly freezing it to minimize ice crystal formation and retain quality.

Fixed Costs

Expenses that do not change with the volume of production or sales and must be paid regardless of the business activity level.