The Largest Component of GNP Is

question 11

Multiple Choice

The largest component of GNP is

• A) the current account.
• B) investment.
• C) government purchases.
• D) consumption.
• E) trade.

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Definitions:

Variable Price

Pricing that changes based on factors such as demand, market conditions, or cost of production.

Separate Sales Forces

A strategy where a company divides its sales team into different groups, each focusing on selling specific products or serving particular market segments.

Decentralization

The distribution of administrative powers or functions across various levels within an organization, as opposed to having them concentrated at a single point.

Advantage

Advantage refers to a favorable position or condition that enhances the probability of success or effectiveness in a competitive environment.