Statement I: Since the Mid 1970s Our Balance of Trade

question 46

Multiple Choice

Statement I: Since the mid 1970s our balance of trade has been negative.
Statement II: The United States foreign trade sector has more than doubled over the last 30 years.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

Number of Returns

The count of items returned to a seller or instances of returns filed, such as tax returns, within a specific period.

Store Visit

The act of going to a physical retail location to examine or purchase products or services.

Category Management

An approach to managing the assortment of merchandise in which a manager is assigned the responsibility for selecting all products that consumers in a market segment might view as substitutes for each other, with the objective of maximizing sales and profits in the category.

Merchandise Assortment

The range of products a retailer offers for sale, including the variety of product lines, categories, and individual items, to meet customer demands.