Because Business Activities Can Affect National Interests, Nations Impose Laws

question 13

True/False

Because business activities can affect national interests, nations impose laws to restrict or facilitate international business.

---

Definitions:

Psychological Pricing

A marketing strategy that uses pricing to influence a consumer's perception and drive sales, often by pricing just under a round number (e.g., $19.99 instead of $20).

Pricing Strategies

Techniques used by businesses to determine the best price for their products or services, taking into account costs, competition, and customer demand.

Depreciation

The reduction in value of an asset over time, particularly due to wear and tear, typically accounted for in financial statements over the asset's useful life.

Physical Assets

Tangible resources owned by an individual or business, such as buildings, machinery, land, and equipment, which have intrinsic value and can be used to generate economic benefit.