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Definitions
Key Terms
Protectionist Measure Government policy aiming to protect businesses from foreign competition
Import A good that is brought into a country from abroad
Tariff A tax on the goods a foreign business imports
Quota A limit on the number of goods a foreign business can import
Government Incentives…

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Financial incentives


International Expansion: when the business sells products in foreign markets
Advantages Disadvantages
Spreads risks so gains in one market can Customers abroad have different tastes ->
offset losses in another. Lower risk changing product -> increases costs.
encourages investment.
Importing goods may incur protectionist
Enter growing markets, extending…

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