Which of the Following Is the Best Example of a Quota

question 109

Multiple Choice

Which of the following is the best example of a quota?

• A)a subsidy from the U.S. government to domestic manufacturers of tires to enable them to compete more effectively with foreign producers
• B)a limit on the quantity of tires that can be imported from a foreign country
• C)a 40% fee imposed on all imported tires
• D)a tax placed on all tires sold in the domestic market to help offset the impact of lost jobs in the domestic tire industry

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Definitions:

Growth Stage

The growth stage is the phase in a company's life cycle characterized by rapid market acceptance and increasing profits.

Decline Stage

A phase in the product lifecycle or business where sales begin to fall due to market saturation, technological obsolescence, or changing consumer preferences.

Promotion Activities

Marketing efforts designed to increase awareness, interest, and sales of a product or service through various strategies such as advertising, discounts, and events.

Industry

A group of companies or businesses that produce or supply goods, services, or sources of income within a similar sector.