When a nation's import regulations or procedures lack ________,foreign firms cannot easily gain entrance to its markets.

Question

Quizplus · Accepted Answer

Transparency refers to the openness and clarity of a nation's import regulations and procedures, which allows foreign firms to easily understand and comply with them. Without transparency, foreign firms may struggle to navigate the import process and gain entrance to the market. Therefore, lack of transparency in import regulations can serve as a barrier to entry for foreign firms.

When a Nation's Import Regulations or Procedures Lack ________,Foreign Firms