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6. what is the definition Trade liberalisation
- a group of countries where barriers to trade are reduced or eliminated
- locating production to a foreign country
- refers to the process of removing barriers to trade
- taxes on imported goods
7. what is the definition of offshoring
- locating production to a foreign country
- to extend the life of a product
- a government policy aimed at protecting domestic industry
- physical limits on the level of specific imports in one year
8. why would market saturation be a push factor for a business to trade internationally
- sales of the product are declining
- because it has become difficult to expand sales further in that particular market
- There is a lot of competition from similar products
- government have a limit on how big a company can grow