At the Governmental Level, Services Frequently Are Not Recognised as a Major

question 34

Multiple Choice

At the governmental level, services frequently are not recognised as a major facet of world trade or are viewed with suspicion because of a lack of understanding and because:

• A)they threaten the position of local companies.
• B)the government has little data collected on services.
• C)services contribute less to the GNP than manufacturing
• D)countries discriminate against foreign service providers

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Definitions:

Broad Product Lines

A strategy where a company offers a wide range of products under its brand, catering to diverse customer needs and preferences.

Narrow Product Line

An approach where a business offers a limited assortment of products or services within a particular category.

Industrial Services

Services offered to businesses involved in manufacturing or industrial sectors, including maintenance, cleaning, and consulting.

Legal Counsel

Legal advice provided by lawyers to individuals, organizations, or corporations on legal matters.