Which of the Following Best Explains the Success of the Sogo

question 15

Multiple Choice

Which of the following best explains the success of the sogo shosha?

• A) access to information about global economic conditions
• B) ability to generate e-commerce profits and sales
• C) support from local and foreign governments
• D) acquisition of intellectual property rights

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Definitions:

Chemical Industry

A sector that produces and sells chemicals and substances obtained by transforming raw materials through chemical processes.

Economic Efficiency

Economic efficiency occurs when all resources are allocated optimally to serve each individual or entity in the best way while minimizing waste and inefficiency.

Competitive Market

A market structure characterized by a large number of buyers and sellers, where no single entity can dictate prices.

External Benefit

A benefit that an activity or transaction provides which is not captured by the consumer or producer, benefiting others in society.