How does the Program for Export Market Development (PEMD)assist Canadian businesses?
A) It assists them in marketing their products within Canada.
B) It assists them in financing commercial start-ups in less-developed areas of Canada.
C) It assists them in marketing their products abroad through financial assistance to visit foreign markets or attend international trade shows.
D) It assists them by providing insurance for Canadian exporters.

Question

Quizplus · Accepted Answer

The Program for Export Market Development (PEMD) assists Canadian businesses in marketing their products abroad through financial assistance to visit foreign markets or attend international trade shows. The program provides funding for eligible expenses related to market research, market development, and marketing activities outside of Canada. It aims to help Canadian businesses expand their international presence and increase their exports. Option A is incorrect because the program focuses on exporting products outside of Canada, not within Canada. Option B is incorrect because the program does not provide financing for commercial start-ups in less-developed areas of Canada. Option D is incorrect because the program does not provide insurance for Canadian exporters.

How Does the Program for Export Market Development (PEMD)assist Canadian