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An Immigrant Dentist Found That He Had to Take Some

question 71

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An immigrant dentist found that he had to take some additional courses and pay the Canadian Dental Association $10,000 before he could practise in Canada.He had no problem with taking the courses,but he did not have $10,000 to pay the association.What was the intended effect of this payment requirement?


Definitions:

Diversification

A strategy aimed at reducing risk by allocating investments among various financial instruments, industries, or other categories.

Market Penetration

A measure of the extent to which a product is recognized and bought by customers in a particular market.

Strategic Marketing Process

A systematic approach to identifying and analyzing market opportunities, developing marketing strategies to address those opportunities, and implementing and controlling the strategy to achieve business objectives.

Situational Analysis

An assessment of an organization's internal and external environments to understand its capabilities, customers, and business environment.

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