The ______________________Is the Difference Between the Value of Goods and Services

question 35

Short Answer

The ______________________is the difference between the value of goods and services that a country buys from overseas and the value of goods and services it sells to other countries.

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Definitions:

Trade Secrets

Confidential business information that provides an enterprise a competitive edge, such as formulas, practices, processes, designs, instruments, or patterns.

Intellectual Property

Creations of the mind, such as inventions, literary and artistic works, designs, and symbols, that are legally protected from unauthorized use by others.

Trade Secret

Any information that provides a business with a competitive advantage but isn’t shared openly.

Competitive Advantage

The attributes that allow an organization to outperform its competitors, such as superior products, processes, or technology.