This Organization Was Established in 1995 to Replace the GATT

question 32

Multiple Choice

This organization was established in 1995 to replace the GATT Treaty.

• A) ASEAN
• B) EEC
• C) NAFTA
• D) WTO

Recognize the recruitment, selection, and training processes in sales management.

Understand the importance of relationship selling in building long-term customer relationships.

Understand the components and significance of a job description for a sales position.

Grasp the closing stage of the selling process, including different types of closes.

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Definitions:

Arbitration

A form of alternative dispute resolution where a neutral third-party makes a binding decision to resolve a dispute, avoiding court litigation.

Binding

Describes an agreement, contract, or legal decision that must be adhered to by the parties involved.

Appealed

To apply to a higher court for a reversal of the decision of a lower court.

International Arbitration

A process used to resolve disputes between parties from different countries outside the courts, using agreed upon arbitrators.