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Which theory states that it is easy for a LDC to move into middle-income status when commodity prices are rising, but difficult for LDCs to become MDCs if commodity prices fall?
Specification Methods
Techniques used to describe the requirements, standards, and quality measures for materials, products, or services.
Purchasing by Specification
Involves acquiring goods or services based on detailed descriptions of their requirements and characteristics, ensuring they meet specified standards and performance criteria.
Supplier Expertise
The specialized knowledge or skills held by a supplier, making them a preferred choice for delivering specific goods or services.
Traditional Criteria
Established or long-standing principles and standards used to make decisions, evaluate performance, or define quality in various fields.
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