The Free Market Reforms in Emerging Countries Are Creating a Potential

question 44

Multiple Choice

The free market reforms in emerging countries are creating a potential group of

• A)new competitors.
• B)old competitors.
• C)subsidized firms.
• D)government companies.

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Definitions:

Switch

A device for transmitting data on a network that makes decisions, based on the media access control address of the data, as to where the data is to be sent.

Packet

A piece of data sent over a computer network.

Electronic Data Interchange

The electronic transfer of data between organizations in a structured format that allows for automated processing.

EDI

Electronic Data Interchange, a standard for exchanging business documents and data electronically between business partners.