When a Country Eliminates Tariffs and Other Trade Restrictions, Intending

question 85

Short Answer

When a country eliminates tariffs and other trade restrictions, intending to promote economic growth, it is pursuing _______-oriented policies.

---

Definitions:

Non-Value-Added Time

Periods during a manufacturing or service process that do not contribute directly to the final value or product, such as waiting or movement times, which businesses aim to minimize.

Reducing Wait Time

The process of minimizing the amount of time customers or clients have to wait for service or product delivery.

Reducing Inventory

The process of decreasing the amount of goods or materials a company holds, often aimed at improving efficiency and reducing cost.

Within-Batch Wait Time

The delay experienced by units within a batch during a production process before they are processed.