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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