Which of the following is a characteristic of market grouping?
A) It occurs when government efforts stifle imports or investment by foreign corporations.
B) It occurs when several countries agree to work together to form a common trade area.
C) It occurs when a trade agreement dramatically lowers trade barriers across the world.
D) It occurs when a domestic firm joins with a foreign company to create a new entity.

Question

Quizplus · Accepted Answer

Market grouping refers to the collaboration of several countries to form a common trade area, facilitating trade and economic cooperation among them.

Which of the Following Is a Characteristic of Market Grouping