Buyer-Driven Commodity Chains Is the Term Used to Describe Industries

question 130

True/False

Buyer-driven commodity chains is the term used to describe industries in which transnational corporations play a central part in controlling the production process.Industries that produce automobiles,computers,and other capital- and technology-intensive products are examples.

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Definitions:

Repossessed Vehicle

A vehicle taken back by a lender or seller from the buyer due to failure to make agreed payments.

Deficiency

The difference between the amount owed on a loan and the proceeds from the sale of the asset securing the loan, if the sale amount does not cover the loan balance.

Breach Of The Peace

An act that disturbs public tranquility or order.

Repossession

The process by which a creditor takes back property from the borrower due to failure to meet the repayment terms of the loan.