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What Is a National Balance of Trade? What Does Someone

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What is a national balance of trade? What does someone mean when he or she says that the balance of trade is favorable? Unfavorable?


Definitions:

Order Size

The quantity of goods or services ordered in a single transaction.

Customer Benefit Plan

A strategy or offering designed to provide additional value to customers, encouraging loyalty and repeat business.

Customer Profile

A detailed description of a business's ideal customer based on demographic, psychographic, and behavioral characteristics.

Purchasing Policies

The guidelines and procedures set by a company to govern its acquisition of goods and services.

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