In Most LDCs the Initial Target of Import Substitution Is

question 2

Multiple Choice

In most LDCs the initial target of import substitution is to promote domestic production of

• A)consumer goods.
• B)food and other agricultural goods.
• C)capital goods.
• D) manufactured intermediate goods.

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Definitions:

Diversification

A strategy to reduce risk by investing in a variety of assets or undertaking different types of business activities.

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Casual garments made of fabric, typically with short sleeves and a round neckline, worn on the torso.

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A brand of batteries known for their long-lasting performance in various electronic devices.

Target Market

A specific group of consumers identified as the recipients of a particular marketing campaign or strategy, chosen based on various demographic, geographic, and psychographic factors.