Intangibles Elements Can Be Used to Position a Product

question 71

True/False

Intangibles elements can be used to position a product.

---

Definitions:

Exports

Goods or services sold by a country to foreign markets, generating revenue and contributing to national income.

NAFTA

The North American Free Trade Agreement, a treaty among the United States, Canada, and Mexico aiming to eliminate trade barriers and promote economic cooperation.

Economic Integration

The process whereby countries reduce trade and investment barriers among themselves, aiming to increase economic cooperation and interdependence.

Internal Tariffs

Taxes imposed by a government on goods and services traded within the same country.