Briefly List and Define the Three Major Types of Trade

question 49

Essay

Briefly list and define the three major types of trade barriers most commonly used.

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Definitions:

S.T.E.P. Acronym

A reference to the STEP (Social, Technological, Economic, Political) analysis, a framework for scanning the business environment.

Empower, And Perform

A concept focused on providing individuals or groups with the resources, confidence, and freedom to achieve their maximum potential and deliver high performance.

Open-Book Management

A business approach where financial and performance data are shared with all employees to foster involvement and accountability.

Stock Ownership

The holding of shares in a company, representing a claim on the company's assets and earnings.