A _____ Is Defined as a Set of Institutions That

question 52

Multiple Choice

A _____ is defined as a set of institutions that moves goods from the point of production to the point of consumption.

• A) retail system
• B) transporter
• C) supply chain
• D) franchisee
• E) value chain

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Definitions:

Exports

Goods or services sold by a country to buyers in other countries, contributing to the exporting nation’s economy.

Imports

Goods or services brought into one country from another to satisfy domestic consumption or production needs.

Exchange Rate

The price at which one currency can be exchanged for another, playing a critical role in international trade and finance.

Nations Currency

The legal tender or medium of exchange that is issued by a country's government and used within its economic and financial transactions.