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Double Counting Can Be Avoided by Using the Value-Added Approach

question 291

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Double counting can be avoided by using the value-added approach when calculating GDP.


Definitions:

Business Selling

The activity of selling products or services directly to other businesses rather than individual consumers.

Approach Step

A preliminary phase in a sales process or project methodology where strategies are determined.

Customer Profile

A detailed description of a business's typical customers, including demographics, behaviors, and preferences.

Building Rapport

The process of establishing a mutual trust, understanding, and good communication with someone, often used in the context of sales and negotiation.

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