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Using the data in the following tables, Let matrix A represent imports (in billions of dollars) to U.S. from country groupings, and let matrix B represent exports (in billions of dollars) from U.S. to country groupings. Find the U.S. trade balance with each country grouping in each year by finding matrix B - A.
Imports to U.S. from Country Groupings
($billions) Exports from U.S. to Country Groupings
($billions)
Benchmarking
A process of comparing one's business processes and performance metrics to industry bests or best practices from other companies.
Supply Chain
The network of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.
Improved Quality
The enhancement or upgrading of a product’s, service’s, or process’s features, performance, or reliability to meet or exceed customer expectations.
Worker Morale
The overall outlook, attitude, satisfaction, and confidence that employees feel towards their work and workplace.
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