At the narrowest level, a company can define its competitors as other companies offering similar products and services to the same customers at similar prices

In markets characterized by technological unpredictability, the vendor assumes control over customization because:

a. industry products are more modular b. customers don't want to invest in knowledge that will soon become obsolete c. vendors have more resources d. and and b only e. a, b and c

Under which of the following conditions, a member nation can apply restrictions on international transfers and payments for current transactions even though they are typically forbidden by GATS?

A. The member nation is in transition to a market economy. B. The member nation wants to grant monopoly rights to a service supplier. C. The member nation wishes to not adopt the guidelines of the Council on Trade in Services. D. The member nation has been granted MFN status by another country.