India Has Been Able to Carve Out a Competitive Advantage

question 51

Multiple Choice

India has been able to carve out a competitive advantage in business process outsourcing (BPO) primarily because

• A) it has emerged as a manufacturing powerhouse.
• B) of an efficient infrastructure and high labor costs.
• C) it has an abundance of uneducated workers who are highly trainable.
• D) of an abundance of well-educated, English-speaking young people.

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Definitions:

GAAP

Generally Accepted Accounting Principles, a set of accounting rules and standards used in the United States for preparing financial statements.

IFRS

A collection of worldwide accounting rules for financial reporting, known as International Financial Reporting Standards.

Credit Card Sale

A transaction in which the purchase of goods or services is made using a credit card, allowing customers to delay payment and sellers to receive immediate funds.

Grace Period

A set period of time after the due date during which payment can be made without penalty.