The Principal Use of an Article Refers To

question 71

Multiple Choice

The principal use of an article refers to:

• A) The purpose for which it is to be imported.
• B) The use that is greater than any other single use of the article.
• C) The use of the components once they are fully assembled.
• D) Any one of the above.

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Definitions:

Incremental Revenues

Additional income that is generated by increasing sales activities or by introducing new products or services.

Special Order

A customer order for a product or service that is not normally produced or offered, often requiring unique specifications.

Fixed Overhead

The costs associated with running a business that do not vary with the level of production or sales, such as rent, salaries, and insurance.

Variable Overhead

Costs that vary with the level of production or business activity, such as utilities or materials, in contrast to fixed overhead costs.