When a Developing Country Relies on Export Promotion

question 57

Multiple Choice

When a developing country relies on export promotion,

• A)it concentrates on producing for its domestic market
• B)it builds its technological and educational base and then can make more complex products for export
• C)domestic producers have sufficient protection that they can afford to become inefficient
• D)its government must intervene more in markets
• E)None of the answers is correct

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Definitions:

Open Charge Accounts

Credit accounts that allow customers to buy goods or services on credit and pay the outstanding balance at the end of a billing cycle.

Cash Flow

The total amount of money being transferred into and out of a business, especially affecting liquidity.

Personal Selling

A direct, one-on-one form of selling in which a salesperson uses skills and techniques to persuade a buyer to purchase a product or service.

Time

The ongoing sequence of events and the resource that can be managed, spent, saved, or wasted in activities or processes.