Business/economic Competence Is Considered an Essential Ability for Those Pursuing

question 2

True/False

Business/economic competence is considered an essential ability for those pursuing a public relations career.

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Definitions:

Foreign Exports

Products or services that are manufactured in one nation and purchased by consumers in a different country.

Say's Law

Say's Law, also known as the law of markets, is an economic principle which suggests that production creates its own demand, positing that a supply of goods will ultimately lead to the creation of an equivalent demand.

Demand Prices

Prices of goods and services determined by the demand for them, often influenced by consumers' willingness and ability to pay.

Supply Prices

The costs associated with producing goods and services, which can influence the supply levels offered by producers.