If Newly Privatized Firms Are Protected from Foreign Competition by Barriers

question 122

True/False

If newly privatized firms are protected from foreign competition by barriers to international trade and foreign direct investment, they continue to act like state monopolies.

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Definitions:

Responsive

The capacity to react quickly and positively to changes in the environment or market conditions.

Cost Effective

Achieving the desired outcome or result without wasting resources, particularly money, time, or effort.

Distribution Networks

The complex systems of relationships and pathways through which a product or service passes until it reaches the consumer, including warehouses, distributors, and retail outlets.

Supply Chain Objectives

The strategic goals set by a company to optimize its supply chain operations, which can include improving efficiency, reducing costs, and enhancing customer satisfaction.