A Balance of Trade Deficit Indicates an Excess of Imports

question 52

True/False

A balance of trade deficit indicates an excess of imports over exports.

---

Definitions:

Cost Leadership

Cost leadership is a business strategy that focuses on achieving the lowest operational costs within an industry to offer goods or services at a lower price than competitors.

Word-Of-Mouth-Based

Refers to marketing and promotion strategies that rely on existing customers' recommendations to friends, family, and colleagues as the primary means of spreading information about a product or service.

Free Internet Service

Access to the Internet provided at no cost to the user, often offered in public spaces, as part of a promotion, or through certain service providers.

Competitive Edge

The advantage that allows an organization or individual to outperform competitors.