In the 1970s,many Less-Developed Countries (LDCs)proposed a Program of Collective

question 42

Multiple Choice

In the 1970s,many less-developed countries (LDCs) proposed a program of collective international action aimed at lessening their levels of dependence that was called the

• A) new international economic order (NIEO).
• B) contra-dependent development scheme (CDDS).
• C) UN Conference on Trade and Development (UNCTAD).
• D) international industrialization promotion (IIP).

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Definitions:

Retailers

Businesses that sell goods or commodities directly to consumers, often from physical locations or through online platforms.

Credit Policies

Credit policies refer to the guidelines and standards set by a business regarding the extension of credit to customers, including terms, conditions, and criteria for creditworthiness.

Monthly Rate of Return

The percentage gain or loss on an investment over a one-month period.

Variable Cost

Expenses that change in proportion to the activity of a business.