Refer to the Information Provided in Table 6

question 47

Multiple Choice

Refer to the information provided in Table 6.3 below to answer the questions that follow.
Table 6.3
-Refer to Table 6.3. The value of net factor payments to the rest of the world in billions of dollars is

• A) 5.
• B) 15.
• C) 25.
• D) 35.

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Definitions:

Market Penetration

A measure and strategy of the amount by which a product or service is recognized and bought by customers in a particular market.

Product Development

The process of creating, designing, and introducing new products or improving existing ones to meet consumer needs and market demands.

Market Development

A growth strategy that identifies and develops new market segments for current products, including geographic expansion or targeting new segments.

Diversification

A strategy in business and investment to spread risks and opportunities across different markets, products, or investments.