Import Substitution Policies Seek to Promote Industrialization by Establishing Barriers

question 56

True/False

Import substitution policies seek to promote industrialization by establishing barriers to foreign goods to encourage domestic production.

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Definitions:

Human Resource Information System

An integration of HR activities and information technology, this system facilitates data entry, data tracking, and the information needs of an organization's human resources, payroll, management, and accounting functions.

Customer-Oriented Approach

A business strategy that focuses on creating a positive experience for customers, prioritizing their needs and satisfaction.

Customer Needs

The wants and requirements that customers expect to be fulfilled by a product or service.