Import Duties -

question 33

Multiple Choice

Import duties -

• A)are charged at the same rate on all purchases
• B)are always charged on purchases but the rates may vary
• C)may or may not be charged on purchases
• D)are never charged on purchases of inventory items that will be resold

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Definitions:

Mass Customization

A production technique that allows for the customization of products to meet individual customer needs at mass production prices.

Price Discrimination

Charging different prices to different buyers for products of like grade and quality.

Market Segments

Sub-groups of a market made up of people or organizations with one or more characteristics that cause them to demand similar product and/or services based on qualities such as needs, wants, or interests.

Market Size

Market Size is the total volume or value of sales that a particular market reaches or is expected to reach within a specified period.