Examlex
Specific tariffs are leveled as a proportion of the value of the imported good (for example,5% of the value of a new car).
Tariffs
Taxes imposed on imported goods to regulate trade, typically to protect domestic industries or to generate revenue.
Organization's Strategy
The comprehensive plan developed by a business or organization to achieve its long-term goals and successfully manage its resources in the competitive environment.
Competitive Advantage
The attributes or conditions that allow an organization to produce goods or services more effectively than its competitors.
Product Differentiation/Innovation
The process of distinguishing a product or service from others in the market to make it more attractive to a particular target market.
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