Increased Global Competition Has Resulted in Many Companies Moving Their

question 56

True/False

Increased global competition has resulted in many companies moving their operations to other countries to be closer to new markets.

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Definitions:

Consumers

Individuals or households that use goods and services generated within the economy.

Import Quota

A restriction set by the government on the amount or cost of products allowed to be brought into a country from abroad.

Tariff

A tax imposed by a government on goods and services imported from other countries.

Trucks

Large motor vehicles designed for transporting goods or materials over long or short distances.