When a nation's import regulations or procedures lack ________, foreign firms cannot easily gain entrance to its markets.
A) incentives
B) transparency
C) documentation
D) none of the above

Question

Quizplus · Accepted Answer

Transparency refers to the openness and availability of information regarding a nation's import regulations and procedures. When these are not transparent, foreign firms may find it difficult to understand and navigate the requirements for entry into the market. As a result, they may be discouraged from attempting to do business in the country.

When a Nation's Import Regulations or Procedures Lack ________, Foreign