Operational Advantage Is One That Deals with Everyday Transactions and Processes

question 48

True/False

Operational advantage is one that deals with everyday transactions and processes.

---

Definitions:

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale.

WTO

World Trade Organization, an intergovernmental organization that regulates international trade by providing a framework for negotiating trade agreements and a dispute resolution process to enforce participants' adherence to trade agreements.

IMF

The International Monetary Fund, an international organization designed to ensure the stability of the international monetary system, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty.

Domestic Output

The total value of all goods and services produced within a country's borders in a specific time period, also known as Gross Domestic Product (GDP).