In Developed Economies, a Firm S Key Concern Is to Cut

question 16

True/False

In developed economies, a firm s key concern is to cut cost and enhance competitiveness to fight off low-cost rivals from emerging economies, such as China and India.

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Definitions:

Centralization

Centralization refers to the process of consolidating control and decision-making authority at the top levels of an organization or government.

Amended

Modified for the better; refers to changes or corrections made to documents, laws, or statutes to include new information, address issues, or refine language.

Ratification Vote

A vote conducted to approve or confirm a decision or agreement, such as a constitution or treaty.

Constitution

The fundamental law or set of principles by which a nation or state is governed, outlining the powers and duties of the government and the rights of the citizens.