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:

Physical Harm

Injury or damage caused to a person's body.

Loss Of Investment

The decrease in the value of an investment below its initial purchase price.

Subjective Probability

An individual's personal judgment or belief about how likely an event is to occur, not based on statistical data.

Pre-Registered Attendees

Refers to individuals who have signed up to attend an event or conference before the actual date, ensuring their participation and sometimes benefiting from early registration advantages.