Examlex

Solved

Jane Is Evaluating Central America as a Possible New Market

question 44

Essay

Jane is evaluating Central America as a possible new market for the OTC (over-the-counter)pharmaceutical line she manages.What are some of the barriers the company may face in reaching segments there?


Definitions:

Export

The process of shipping goods or services from one country to another country for sale or trade.

Specialize

The process of focusing efforts and resources on a narrow area of expertise or production to increase efficiency and proficiency.

Comparative Advantage

The ability of a country, company, or individual to produce a good or service at a lower opportunity cost than competitors.

Autarky

An economic policy or situation in which a country is self-sufficient and does not engage in international trade.

Related Questions