Besides Cost Constraints, Exporters Often Face Additional Challenges

question 227

Multiple Choice

Besides cost constraints, Exporters often face additional challenges. An example of a nontariff barrier was the former Japanese keiretsu:

• A)a nepotistic event that only permitted persons related to the owner to trade with a company.
• B)a trading system that made certain that if a Japanese firm was involved in a global trade, the Japanese firm would always benefit financially, and often to the detriment of the other party.
• C)a family of companies that joined together to forge semi-permanent ties with suppliers, customers, and distributors. It was difficult to break into the family.
• D)a shelter in Tokyo where all trading took place. If the trading partner refused to bring their products to the shelter, it could not successfully trade.

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Definitions:

Five Phases

A conceptual framework or process that is divided into five distinct stages, step by step, typically used in project management and planning.

Design Thinkers

Individuals or professionals who apply creative strategies to problem solving, often using a human-centered approach.

Constraints

Limitations or restrictions that affect the process, development, or progress of projects, tasks, or endeavors, shaping the scope or outcome.

Innovation Solutions

Creative and effective responses or improvements to existing challenges or problems across various fields, including technology, business, and social issues.