Examlex
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?
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.
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