Many States Create Licensing Requirements for a Variety of Professionals

question 98

Multiple Choice

Many states create licensing requirements for a variety of professionals (such as lawyers and accountants) designed to restrict entry into their market by professionals from other states.This strategy limits ____________ growth strategies.

• A) product proliferation
• B) market development
• C) market penetration
• D) diversification
• E) product development

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Definitions:

Intelligence Quotient

A measure of a person's intellectual abilities relative to others, based on standardized tests.

Mental Age

A measure of an individual's cognitive ability expressed in terms of the age at which an average individual reaches the same ability.

IQ

Short for Intelligence Quotient, a numerical score derived from standardized assessments designed to measure human intelligence and cognitive abilities.

Individual Differences

Refer to the variations or disparities among individuals in regard to their behaviors, emotions, cognition, and development.