IDs and Paired-Concept Questions

question 13

Short Answer

IDs and Paired-Concept Questions
These terms can be used individually as short-answer identification questions, or they can be used in pairs. In the latter case, ask students to explain (1) the meaning and significance of each of the two terms and (2) the relationship between them.
-Newly industrializing economy,transitional economy

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Definitions:

Retrenchment Strategy

A strategy used by businesses to reduce their size or operations in response to economic challenges or poor performance in order to become more financially stable.

Restructure

The process of changing the organizational, ownership, or operational structure of a company to make it more profitable, efficient, or to adapt to new conditions.

Competitive Advantage

The distinctive qualities or situations that enable a company to surpass its rivals in performance.

Higher Rates

Refers to the increased costs or interest rates often associated with loans, investments, or other financial products.