What do you mean by regional market?
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Regional Markets:
These markets cover a wider are than local markets like a district, or a cluster of few smaller states. National Market: This is when the demand for the goods is limited to one specific country. Or the government may not allow the trade of such goods outside national boundaries.
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Regional Market is the area in which people share features of the market in a region?
What are the characteristics of a Regional Market?
- It is a market in which populations are identified
- This market can easily handle legal situations and political situations
- This market plays an important role in global marketing
- It recommends its products and services according to the needs of the people
- This market connects various countries for marketing
- This market is present in various countries like Thailand, Korea
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