Many states create licensing requirements for a variety of professionals (such as lawyers and accountants)designed to restrict entry into their market by professionals from other states.This strategy limits ____________ growth strategies.
A) product proliferation
B) market development
C) market penetration
D) diversification
E) product development

Question

Quizplus · Accepted Answer

This strategy limits market development because it prevents professionals from other states from entering the market and expanding the customer base.

Many States Create Licensing Requirements for a Variety of Professionals