In the WTO, It Is the Preference Giving Country, Which

question 80

True/False

In the WTO, it is the preference giving country, which decides the list of developing countries that will benefit from schemes such as the Generalized System of Preferences (GSP).

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Definitions:

Lag Strategy

A business approach where the decision to increase capacity is delayed until demand has proven to sustain at a higher level.

Subcontractors

Third-party businesses or individuals hired to perform part of the work that was originally contracted by another company.

New Facilities

Refers to the construction or opening of new physical buildings or infrastructure for business or operational use.

Break-Even

is a financial term indicating the point at which costs or expenses and revenue are equal, resulting in no net loss or gain.