International Trade Is Based on the Notion That

question 207

Multiple Choice

International trade is based on the notion that:

• A) Different currencies are an obstacle to international trade
• B) Goods are more mobile internationally than are resources
• C) Resources are more mobile internationally than are goods
• D) A country's exports should always exceed its imports

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Definitions:

Customer Maintenance

The ongoing activities and efforts made by a business to retain and satisfy existing customers, ensuring their continued patronage and loyalty.

Computer Network

A collection of interconnected computers and other devices that share resources, exchange data, and communicate.

Transaction Selling

A sales approach focused on completing individual sales transactions rather than building long-term customer relationships.

Sales Presentation

A pitch or demonstration given by a salesperson to a potential buyer, highlighting the benefits and features of a product or service.