As a Result of GATT,tariff Rates in Developed Countries Have

question 26

True/False

As a result of GATT,tariff rates in developed countries have decreased from 40 percent in 1948 to less than 4 percent today.

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Definitions:

Order Completeness

A measure of a company's ability to fulfill customer orders in their entirety without backorders or partial shipments.

Facility Size

The physical dimensions or capacity of a building or space used for production, storage, or operations.

Distribution Operation

The process involved in the movement of goods from the manufacturer or supplier to the point of sale or end user.

Asset Utilization

A measure of how efficiently a company uses its assets to generate revenue, indicating the effectiveness with which it employs its resources.