Which Occurrence Has Led to an Increased Amount of Trade

question 72

Multiple Choice

Which occurrence has led to an increased amount of trade between countries?

• A) reduced transportation costs
• B) bowed-out production possibilities curves
• C) increases in the cost of telegraphic communication
• D) high levels of unemployment in the United States

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Definitions:

Business Strategy

A plan of action designed by an organization to achieve its long-term goals and secure a competitive position in the market.

Product Domain

The complete range of products that a company creates or plans to offer within its market.

Long-term Direction

The strategic goals and visions set by an organization to guide its operations, development, and decision-making processes over an extended period.

Functional Strategy

A specific, detailed plan aimed at achieving objectives in a particular business area, supporting the overall business strategy.