An Example of a Nontariff Barrier Would Be

question 84

Multiple Choice

An example of a nontariff barrier would be

• A) a minimum limit on the quantity of imports.
• B) excessive licensing requirements.
• C) a tax on an imported product.
• D) voluntary export restraints.

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Definitions:

Prepared Strategy

A prepared strategy is a formulated plan or set of actions designed in advance to achieve a specific goal, especially in competitive or challenging situations.

New Opportunity

A new opportunity refers to a fresh chance or prospect that has arisen, offering potential for growth, advancement, or success in personal or professional realms.

Intangibles

Non-physical factors that cannot be easily quantified, such as brand value, reputation, or employee morale.

Suboptimal Negotiation

A negotiation in which the outcomes or processes are not as good as they could be, often due to inadequate preparation or understanding.