How Are Goods Manufactured in Other Countries Creating Jobs in the United

question 52

Multiple Choice

How are goods manufactured in other countries creating jobs in the United States?

• A) People whose jobs were outsourced are now discouraged workers.
• B) U.S. firms are specializing in managing the trade of these goods.
• C) Foreign countries are importing U.S. natural resources.
• D) People who have lost jobs have more time to shop and therefore increase demand for goods.

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Definitions:

Markdown Pricing Strategy

A pricing approach where products are initially offered at a higher price but are subsequently marked down, usually to stimulate sales or clear out inventory.

Off-Price Retailing Strategy

A retail strategy where goods are sold at prices lower than the standard retail prices, often obtained through special purchases or excess inventory.

New Models

The latest versions or designs of products, often featuring improvements or updates from previous editions.

Marked Down

When the price of an item is reduced, typically to clear inventory or increase sales during a promotion.