Which Statement About South Africa's Standing in the Global Economy

question 58

Multiple Choice

Which statement about South Africa's standing in the global economy is NOT correct?

• A) The country has traditionally dominated the regional economy.
• B) South Africa is the only African member of the G20.
• C) Despite tariff reductions mandated by the International Trade Association (ITA), South African local industries that were once protected from foreign competition have managed to remain competitive in the country's domestic market.
• D) South Africa has historically had a trade surplus and a low foreign debt.
• E) South Africa's most buoyant export industry is the energy sector.

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Definitions:

Product Features

Product features are the attributes or characteristics that define a product, distinguish it from competitors, and meet the needs or desires of customers.

Trial Close

A sales technique used to gauge a potential buyer's interest or intention to buy by asking a question or making a statement that assumes the sale has been made.

Selling Points

Key features or benefits of a product or service that are highlighted to attract and convince potential buyers.

Extensive Decision Making

Decision-making characteristic of buyers who are unfamiliar with a specific product and who must therefore become highly involved in the decision-making process.