Nutmeg accounts for 80 percent of Grenada's agricultural exports. The nutmeg industry has traditionally been operated as a government monopoly. Nutmeg is an important ingredient in both the food and pharmaceutical industries. The fact the industry operates as a monopoly means the operators of the nutmeg industry in Grenada:

Question

Quizplus · Accepted Answer

Operating as a government monopoly means the nutmeg industry in Grenada does not face competition and therefore does not need to be as market-oriented as businesses in a competitive market to be successful. Market orientation involves adapting to meet customer needs and preferences, which is less critical when there are no competitors.

Nutmeg Accounts for 80 Percent of Grenada's Agricultural Exports