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The Government of Ecuador Is Considering Imposing a Quota on Quinoa

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Essay

The government of Ecuador is considering imposing a quota on quinoa imports. The Ecuadorian price of quinoa is above the world price. What will be the effects of imposing an import quota on quinoa? Who will make a profit out of this policy? Who will lose?


Definitions:

Loyalty Programs

Marketing strategies designed to encourage customers to continue to shop at or use the services of businesses associated with each program.

Cost Leader

A strategy where a company becomes the most competitive in the market by having the lowest operating costs.

Walmart

A multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores, known for its scale and efficiency.

Strategy

A plan of action designed to achieve a long-term or overall aim.

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