None Enumerate the ways in which a nation can overcome an unfavorable balance of trade.Step-by-step solutionStep 1 of 5Balance of trade: It refers to the amount of imports and exports which are country makes during theperiod of time. As balance of trade is related to imports and exports of any nation for the given timeperiod it mandatorily need not to be balanced because imports of a country could exceed its exportor vice versa or even be in balance. It is that part of account which a country could manipulate as perits requirements by adjusting its exports imports or by temporarily infusions capital loans or financialaids.

Balance of Trade is an economic account that records the transactions related to the imports and…

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Enumerate the ways in which a nation can overcome an unfavorable balance of trade.

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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Forecasting

Forecasting is a methodology that uses historical data as inputs to make well-informed predictions about the course of future trends. Forecasting is the method of making forecasts based on historical and current data, most commonly by trend analysis. In the business world, forecasting is a basic statistical task. Forecasting is used by businesses to decide how to allocate their budgets or prepare for expected expenditures in the future. Forecasts help managers formulate and execute production plans by providing forecasts. The primary goal of forecasting is to make accurate predictions.

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Enumerate the ways in which a nation can overcome an unfavorable balance of trade.
Step-by-step solution
Step 1 of 5
Balance of trade: It refers to the amount of imports and exports which are country makes during the
period of time. As balance of trade is related to imports and exports of any nation for the given time
period it mandatorily need not to be balanced because imports of a country could exceed its export
or vice versa or even be in balance. It is that part of account which a country could manipulate as per
its requirements by adjusting its exports imports or by temporarily infusions capital loans or financial
aids.

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