Which of the Following Improvements Resulted After the Establishment of the General

question 23

Multiple Choice

Which of the following improvements resulted after the establishment of the General Agreement on Tariffs and Trade (GATT) ?

• A) Trade growth consistently outpaced the gross domestic product (GDP)growth.
• B) The average tariffs in developed economies significantly increased.
• C) Effective dispute resolution mechanism was established.
• D) Trade in services and intellectual property (IP)protection was covered.

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Definitions:

Primary Activities

Primary activities are the essential processes directly involved in the creation of a product or service, including production, marketing, sales, and after-sale service.

Marketing And Sales

Business disciplines focused on promoting and selling products or services, including market analysis and customer engagement strategies.

Value Creation

Value creation is the process through which businesses generate value for customers, shareholders, and the community through innovative products, services, and operational efficiencies.

Paint Quality

The characteristics of paint including durability, finish, coverage, and color retention, determining its suitability for specific tasks and conditions.