The Single Largest Customer in the World Is the U

question 195

True/False

The single largest customer in the world is the U.S.federal government.

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Definitions:

Privatisation

The selling of state‐owned enterprises into private ownership.

State-Owned Enterprises

Organizations that are owned and operated by the government and play a role in the delivery of public services or the production of goods.

Private Ownership

Ownership of assets by individuals or corporations rather than by the state or public entities.

Licensing Agreement

Occurs when a firm pays a fee for the rights to make or sell another company’s products.