Many states create licensing requirements for a variety of professionals (such as lawyers and accountants)designed to restrict entry into their market by professionals from other states. This practice limits ________ growth strategies for these types of businesses.
A)product proliferation
B)market development
C)market penetration
D)diversification
E)product development

Question

Quizplus · Accepted Answer

The practice of creating licensing requirements limits the ability of professionals from other states to enter the market, which restricts the potential for market development for businesses in these professions. Product proliferation, market penetration, diversification, and product development strategies are not directly impacted by licensing requirements for professionals.

Many States Create Licensing Requirements for a Variety of Professionals