Developing Countries Often Create Free Trade Zones Where

question 4

Multiple Choice

Developing countries often create free trade zones where

• A)duties and tariffs are imposed as long as production is used primarily for export.
• B)duties and tariffs are imposed as long as production is used primarily for import.
• C)duties and tariffs are relaxed as long as production is used primarily for export.
• D)duties and tariffs are relaxed as long as production is used primarily for import.

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Definitions:

BCG Growth-Market Share Matrix

A strategic planning tool that uses two dimensions: market growth rate and market share to categorize the business portfolio into four types: Stars, Question Marks, Cash Cows, and Dogs.

Strategic Business Units

Strategic business units are distinct divisions within a larger corporation, each focusing on a specific market segment or product line, and possessing its own strategy, resources, and objectives.

Dominant Market Share

A situation in which a company, product, or service holds a majority portion of the total sales in its market.

New Product Development

The complete process of bringing a new product or service to the market, from idea generation and concept testing to design, production, and marketing.