Examlex
What are the three categories of transactions in the balance of payments? Give an example of each.
Financial Advantage
This term refers to the benefit gained in financial terms, often measured in terms of profit or cost savings.
Dropping Product
The decision to stop manufacturing, selling, or supporting a product, often due to low sales or profitability.
Eliminating Product
The process of discontinuing the production and sale of a product, typically due to poor sales, profitability, or strategic realignment.
Financial Advantage
The benefit gained from making a financially prudent decision that leads to wealth accumulation, cost savings, or any other monetary gain.
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