Which of the Following Was a Result of the Uruguay

question 22

Multiple Choice

Which of the following was a result of the Uruguay Round of global WTO trade talks?

• A) It increased the world's remaining merchandise tariffs by 30 percent.
• B) It minimized the international protection of copyrights, patents, and trademarks.
• C) It extended the WTO to cover trade in agriculture and a wide range of services.
• D) It established NATO for purposes of collective security.
• E) It established the EU to reduce trade barriers and increase cooperation among its members.

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Definitions:

Knowledge

Information, understanding, or skill that one gets from experience or education; awareness or familiarity gained by experience of a fact or situation.

Competitively Superior Fit

A strategic alignment where a company's products or services match customer needs better than competitors, providing a competitive advantage.

Changing Environment

A situation where external and internal factors that affect an organization or individual's performance evolve over time.

Externally-Oriented Perception

The focus or perspective that emphasizes understanding and adapting to the external environment, including market trends, customer needs, and competitive actions.