Option B is the correct answer. The competition from imported vehicles and steel decreased once the U.S. government opened its domestic markets to foreign trade, resulting in lower output, fewer workers, and a general decline in union membership.
What exactly is the domestic market?
- A residential showcase is the supply and request of products, administrations, and securities inside a single country.
- It is additionally known as an inner advertise or residential exchange. spite of the fact that the company may have numerous showcase divisions, in residential exchange a firm in a general sense as it were should bargain with one gather of customers and one set of competitive, financial, and showcase challenges.
- Customers of a single company who reside in the nation in which the business is located are also referred to by this phrase.
- When competing in a domestic market, there are some restrictions, many of which drive businesses to expand abroad.
- Limited market size and slow local market growth are the key drivers of international business expansion.
Option B is the correct answer. The competition from imported vehicles and steel decreased once the U.S. government opened its domestic markets to foreign trade, resulting in lower output, fewer workers, and a general decline in union membership.
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