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Globally, from 1996-2013 the Highest Average Growth Rate Per Year

question 192

True/False

Globally, from 1996-2013 the highest average growth rate per year occurred on the continent of Africa.


Definitions:

Product Differentiation

The process of distinguishing a product or service from others to make it more attractive to a particular target market.

Inelastic Demand

A situation in which the demand for a product or service is relatively unaffected by changes in price.

Car Repair Shop

An establishment where automobiles are repaired by auto mechanics, offering services from routine maintenance to more extensive repairs.

Intangibility

A characteristic of services that makes them unable to be seen, touched, or quantified before they are purchased and used.

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