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The Nike swoosh is not considered a brand;only the company name can be a brand.
International Monetary Fund (IMF)
Organization established in 1947 to promote trade among member nations by eliminating trade barriers and fostering financial cooperation.
Developed Countries
Nations with advanced economic systems, higher standards of living, and well-established infrastructures, often characterized by high Gross Domestic Product (GDP) per capita.
Balance-of-Payment Deficits
A situation where the total amount of money a country spends on foreign trade is greater than the amount it earns from such trade.
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Q159: An oligopoly is a market situation where