Protectionism Is the Use of Trade Barriers to Protect Local

question 106

Multiple Choice

Protectionism is the use of trade barriers to protect local companies and their workers from__________ .

• A) international unions
• B) foreign competition
• C) trademark infringements
• D) patent violations
• E) all of these

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Definitions:

Value Chain

A model that describes the full range of activities needed to create a product or service, from initial conception through the various phases of production to the final customer.

Service Entity

An organization or a part of an organization that provides services to customers or internal partners.

Merchandising Entity

A type of business that purchases finished goods for resale, earning a profit by selling these goods at a higher price.

Value Chain

A series of activities that companies perform to deliver a valuable product or service to their customers.