15. Snowland and Pledza are neighboring countries. Pledza imports more products than it exports. Over the last decade, Pledza imports from Snowland have been rapidly increasing but not fast enough to offset the exports to Snowland. As a result, what can we say about Pledza trade ………

trade deficit

Explanation:

From the question, we are informed about Snowland and Pledza are neighboring countries. Pledza imports more products than it exports. Over the last decade, Pledza imports from Snowland have been rapidly increasing but not fast enough to offset the exports to Snowland. In this case we can say about Pledza has a trade deficit. trade deficit also known as "negative balance of trade" can be described as a method to measure international trade. It can be regarded as the amount by which cost spent on the imports in a country exceeds the cost of exports. We can calculate trade deficit by finding the difference in value of exports of country and its imports.

A cost - leadership strategy requires achieving the lowest costs in the industry while maintaining a level of value that is acceptable to customers.

Cost-leadership - A firm pursuing a cost-leadership strategy attempts to gain a competitive advantage primarily by reducing it's economic cost below it's competitors.