A common market is one where
A. all the trading nations agree commonly to levy a common and uniform tariff rate for all goods
B. all the trading nations agree commonly to rationalise tariff and non-tariff barriers mutually to promote intra-region trade
C. there is a customs union along with free intra-union movement of factors of production
D. there is an economic union along with free intra-union movement of residents
Answer: Option C
This Question Belongs to Commerce >> Marketing Management
Launching a product in a small part of the market is called:
A. Competitive response
B. Competitive analysis
C. Test marketing
D. None of these
A. Product
B. Selling
C. Customer
D. Production
Markets which are organized and regulated by statutory measure are:
A. Regulated markets
B. Unregulated markets
C. World market
D. None of these
A. Innovators
B. Late majority
C. Early majority
D. Late adopters
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