Asked by
khurram shafique
on Nov 03, 2024
Verified
Less-developed countries represent a lucrative market for U.S.companies because of their huge population.
Less-developed Countries
Nations with a lower standard of living, underdeveloped industrial base, and low Human Development Index (HDI) relative to other countries.
Lucrative Market
A market segment in which a company can generate substantial profits due to high demand or superior positioning.
- Grasp the economic indicators, including GDP growth, trade balances, and exchange rates, and their relevance to international trade.
Verified Answer
ZB
Learning Objectives
- Grasp the economic indicators, including GDP growth, trade balances, and exchange rates, and their relevance to international trade.
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