In Most Industries, the Only Producers That Pose a Serious

question 306

True/False

In most industries, the only producers that pose a serious threat to U.S. manufacturers are those in Japan and Western Europe.
Producers in countries like China and India have become major U.S. competitors. For example, Lenovo, a Chinese firm, recently bought IBM's PC unit.

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Definitions:

Heating Oil

A low viscosity, liquid petroleum product used as a fuel for furnaces or boilers in buildings.

Demand Curve

A graph depicting the relationship between the price of a good and the quantity demanded by consumers.

Quantity Demanded

The complete quantity of a product or service that buyers are ready and capable of buying at a certain price during a designated time frame.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded by consumers.