India Needs More Imports of Raw Materials Such as Textiles

question 125

Multiple Choice

India needs more imports of raw materials such as textiles, steel, and heavy machinery and fewer imports of finished textiles, paper products, and automobiles. In the context of industrial structures, India is most likely a(n) ________ economy.

• A) subsistence
• B) totalitarian
• C) raw material exporting
• D) agrarian
• E) industrializing

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Definitions:

Reputation

The general belief or opinion that the public has about the character, quality, or credibility of a person, company, or product.

Marketing Mix

A framework for managing and coordinating a company's marketing strategies, traditionally categorized into four Ps: product, price, place, and promotion.

Inventory

The total amount of goods and materials held in stock by a business, warehouse, or point of sale.

Returns

The process of returning purchased goods to the seller for a refund, replacement, or credit, typically due to dissatisfaction or defects.