A Consumer Values a Car at $525,000 and a Producer

question 22

Multiple Choice

A consumer values a car at $525,000 and a producer values the same car at $485,000.If the transaction is completed at $510,000,what amount of tax will result in unconsummated transaction?

• A)A tax of $9,000
• B)A tax of $14,000
• C)A tax of $15,000
• D)A tax of $18,000

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Definitions:

Locally Responsive

An approach or strategy where a company adjusts its products, services, and practices to better align with local buyer preferences and market conditions.

Knowledge Transfer

The process through which skills, knowledge, technologies, or methodologies are passed from one individual or organization to another.

Transnational Strategy

A global business approach that involves operating in multiple countries with a coordinated strategy, balancing global efficiency and local responsiveness.

Locally Responsive

Being locally responsive refers to a business strategy that involves tailoring products, services, and operations to meet the cultural, legal, and consumer preferences of local markets.