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According to the family lifecycle approach, the initial stage of the family cycle involves a
Tariffs
Taxes imposed by a government on imported goods to protect domestic industries or to generate revenue.
Quotas
Restrictions set by governments on the amount of a certain good that can be imported or exported.
World Price
The price of a good that is traded on the global market.
Imported
Products or services that are brought into one country from another for sale.
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