A Voluntary Export Restraint Is an Agreement Negotiated by Two

question 135

Multiple Choice

A voluntary export restraint is an agreement negotiated by two countries that places ________ that can be imported by one country from another country.

• A)a tax on goods
• B)a minimum quantity of a good
• C)quality standards on goods
• D)a numerical limit on the quantity of a good

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Definitions:

Organizational Strategy

A comprehensive plan outlining how an organization will achieve its long-term goals and objectives.

Competitive Challenges

The obstacles and pressures businesses face in trying to gain advantage or remain successful in their market or industry.

Employee Concerns

Issues or worries that employees have related to their job, work environment, or relationship with management.

Balancing

The process of ensuring that different elements are in the correct proportion or position to create harmony, stability, or equality.