There Is Little Reason to Invest in the ________________ Customers

question 17

Multiple Choice

There is little reason to invest in the ________________ customers in sector D. Relationships with these customers are weak and, because they are relatively unattractive in terms of profit potential, many of these customers should be let go-that is, released to competitors.

• A) must-have customers.
• B) need-to-have customers.
• C) do-not-need customers.
• D) good-to-have customers.

Distinguish between social, cultural, and legal barriers in international trade.

Understand the importance of intellectual property rights in global commerce.

Recognize the role of tariffs, quotas, and dumping in international trade policies.

Comprehend the mechanisms of international trade agreements and their impact on global commerce.

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Definitions:

Property Rights

Legal rights to own, use, and dispose of assets including real estate, personal property, and intellectual property.

Ethical Decision Making

The method of assessing and selecting between different options in a way that aligns with moral standards.

Justice

The moral principle of fairness and the administration of the law according to standards of righteousness and equity.

Efficiency

The ability to achieve a desired result without wasting materials, time, or energy.