You Would Expect an Undeveloped Country Like ________ to Have

question 71

Multiple Choice

You would expect an undeveloped country like ________ to have a predominately ________ economy.

• A) Laos; nonservice
• B) Laos; service
• C) Australia; manufacturing
• D) Belgium; nonservice

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Definitions:

Business Relationship

Refers to the connections and interactions between a company and its suppliers, customers, and partners which can influence the business's operations, sales, and overall success.

Creditors

Individuals or institutions that lend money or extend credit to others, with the expectation that the borrowed funds will be returned, often with interest.

Renegotiate

The process of revising the terms of an existing contract or agreement.

Default

The failure to meet the legal obligations or conditions of a loan, typically when a debtor cannot make a required payment.