An Accurate Description of Privatization Is That

question 28

Multiple Choice

An accurate description of privatization is that

• A) it started in China in the early 1980s.
• B) it involves replacing a state-owned monopoly with a private monopoly.
• C) it is most successful when countries adopt communism.
• D) when newly privatized firms are protected from foreign competition, they have little incentive to restructure their operations to become more efficient.
• E) in today's context, a country runs the risk of experiencing a serious economic crisis if it liberalizes and privatizes state-owned enterprises.

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Definitions:

Postponement

A strategy in supply chain management where the finalization of the product or shipment is delayed until the last possible moment to better match demand.

Large Fraction

A significant portion or part of a whole.

Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices during a certain period of time.

Multiple Products

Refers to a range of different items or SKUs that a company produces or sells.