Current trade policies in the US are supported by transparency and non-discriminative trading activities. Currently, the scope of Web 3.0 is not included in the trade policies of the US economy.
<h3>What is a trade policy?</h3>
A policy, which is implemented regarding international trade and commerce by a national government, which is aimed at growth and development of trade in its economy, is known as a trade policy.
Hence, the significance of a trade policy is aforementioned.
Learn more about a trade policy here:
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Answer:
- Extension.
Explanation:
'Product extension' is illustrated as the company's strategy that involves the use of a presently existing established brand name to introduce a new product with slight variations in the similar product category. Such strategies assist the companies to increase their profit margins by offering a wide variety of products as the familiar brand's goodwill works for it to increases the sales effectively.
In the given question, the introduction of 'innovative products as televisions' by Sony that offers a variation in the established brand name of Sony in 'color television' would surely promote the increased sales and profits for the company. Such a strategy is categorized as 'product extension' that involves the extension of the similar product range.
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Because Central America is so full of volcanoes, which helped shaped the geological features of the area, you're likely to find a volcano that serves as the backdrop for many of the popular tourist destinations in the region. However, some of these volcanoes and their surrounding cities offer a more enriching experience than others.
