Which of the Following Is Not One of the Three

question 94

Multiple Choice

Which of the following is not one of the three steps in increasing market share,revenue,and profits?

• A) assess alternative markets
• B) evaluate respective costs, benefits, and risks
• C) perform a situation analysis
• D) select market with most potential for entry or expansion

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Definitions:

NAFTA

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

Free-Trade Area

A region where member countries agree to eliminate tariffs and other barriers to trade in goods and services amongst themselves.

Trade Barriers

Measures implemented by countries to regulate or limit international trade, including tariffs, quotas, and non-tariff barriers.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, often resulting in increased interconnectedness and interdependence.