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This assignment requires you to choose:
When giving your reasons for choosing a market give the comparisons to the next two markets you rejected.
Three steps in determining whether an international market is right are:
1. is there a need for the product?
2. can the potential market pay for the product?
3. is the market large enough?
In the process you will look at the statistics of the markets including the:
You will list the sources of your information (Secondary Data) and what primary research you would undertake.
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The portfolio of products that a given organization produces for market consumption is the product mix.
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David Ricardo''s theory of comparative advantage is an improvement over Adam Smith''s theory of absolute advantage.
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