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John, an Organization's HR Manager, Is Making Plans to Offer

question 33

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 John, an organization's HR manager, is making plans to offer training to his employees. To effectively proceed with the training process, John should first


Definitions:

Export Subsidies

Financial assistance grants provided by governments to domestic companies to encourage exports, making their products more competitively priced in the global market.

Import Restraints

Measures applied by countries to limit the quantity of goods that can be imported, such as tariffs and quotas.

Trade Surpluses

A situation where a country's exports exceed its imports, leading to a positive balance of trade.

Balance of Trade

The difference between a country's exports and imports of goods, indicating the net earnings from trade.

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