NAFTA stipulates that during a ten-year period, the United States, Canada, and Mexico will gradually eliminate all tariffs on merchandise trade and scale back prohibitions on service trade and foreign investment.
What conditions must a free trade agreement meet in order to be compliant with the WTO?
RTAs must adhere to WTO regulations governing such agreements, which include that parties must have established free trade on the majority of commerce within the regional area and cannot increase their tariffs or other trade barriers against nations outside the accord.
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A firm that makes shirts for a budget department store decides to develop a new cotton shirt type. The company would most likely make shirts that are less expensive to produce.
<h3>What is
the name of the business?</h3>
A corporation is a legal body that represents a group of people with a common goal, whether natural, legal, or a combination of both. A company can be run by the single person or a group of person decided to operate the company.
There are options in this question that are-
- sell at a high price
- be less costly to create
- use a nonrenewable resource
- satisfy the wants and needs of consumers
Thus, option B is correct.
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In the context of business management, the purpose of budgeting includes the following three aspects:
•A forecast of income and expenditure (and thereby profitability)
•A tool for decision making
•A means to monitor business performance
