Scenario: Excelsior's Limited
Excelsior's Limited, a maker of health and beauty aids, is expanding its presence in several countries around the world. Excelsior's president has been surprised at some of the responses the company has received from other countries.
-Excelsior's Limited tried to sell its product in Canada, but was told the product must be at least 40 percent locally made. This is an example of a(n) ________.

Question

Quizplus · Accepted Answer

This is an example of a local content requirement, which is a policy that requires a certain percentage of a product to be made locally in order to be sold in a country. This can be a barrier to entry for foreign companies trying to sell their products in new markets.

Scenario: Excelsior's Limited Excelsior's Limited, a Maker of Health and Beauty Aids, Is