An Import Quota Is a

question 166

Multiple Choice

An import quota is a

• A) tariff imposed on goods that are dumped in the country.
• B) law that prevents ecologically damaging goods from being imported into a country.
• C) market-imposed balancing factor that keeps prices of imports and exports in equilibrium.
• D) government-imposed restriction on the quantity of a specific good that can be imported.

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Definitions:

Straight Rebuy

A purchasing situation in which a buyer reorders a product or service without modifications or shopping around.

Buying Center

A group within an organization responsible for evaluating and making purchasing decisions.

Straight Rebuy

A purchasing scenario in business-to-business transactions where an organization reorders a good or service without modification from the same supplier.

B2B Purchases

Transactions where one business buys goods or services from another business.