Question

Because a market is saturated, firms may attempt to enter new geographical markets that may be less saturated. For example, pharmaceutical companies are realizing that they need to turn to ____________ for continued growth in the coming years.

Answer 1

Answer:

The correct answer is BRIC countries.

Explanation:

In general terms, BRICS is the acronym for an economic-commercial association of the five most important emerging national economies in the world. The BRICS are considered the South-South cooperation paradigm, although recently this interpretation was called into question given the contradictions between the interests of China and the other members.

All these nations have in common a large population (China and India above one thousand one hundred million, Brazil and Russia above one hundred and forty million), a huge territory (almost 38.5 million km²), which gives them dimensions continental strategies, a gigantic amount of natural resources and, most importantly, the enormous figures that have presented growth of its gross domestic product (GDP) and participation in world trade in recent years, which makes them attractive as a destination of investments.