A Tariff Is

question 90

Multiple Choice

A tariff is

• A) a government- imposed barrier that sets a fixed limit on the amount of a good that can be imported into a nation.
• B) a tax on a good imported into a nation.
• C) an agreement between governments to limit exports from a nation.
• D) a government- imposed limit on the amount of a good that can be exported from a nation.

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Definitions:

Competitive-Edge Strategies

Approaches employed by businesses to gain a superior market position and outperform competitors.

Market Opportunities

Refers to openings in the market where a business can potentially increase its profitability or growth by identifying and capitalizing on these areas.

Buying Organization

An entity focused on purchasing goods and services, typically seeking to optimize procurement processes and costs.

Incongruent

Lacking harmony, consistency, or compatibility between aspects or elements.