The form of economic cooperation that calls for (1 ) eliminating internal barriers to trade and (2 ) establishing common external barriers is known as a(n):
A) European Union.
B) Economic union.
C) Customs union.
D) Free trade area.
E) Common market.
C
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In traditional product-costing systems, the measure of productive activity is usually some volume-based cost driver, like direct-labor hours.
Answer the following statement true (T) or false (F)
Successful business strategies are grounded in creating and maintaining a competitive advantage that is
A. inflexible. B. sustainable. C. volatile. D. intangible. E. All of these are correct.
In dealing with the French, a lot of what gets done is a result of going through administrative channels, which involves a lot of red tape, and efforts to sidestep this can be regarded as disrespect for legal and governmental institutions.
Answer the following statement true (T) or false (F)
Which of the following statements is true of a supermarket?
A. It offers a small range of everyday and impulse products at easy-to-access locations. B. It offers a wide range of food products, plus limited nonfood items. C. It sells a wide selection of merchandise within a narrow category. D. It sells discounted food and general merchandise to club members in a large warehouse format.