Match Each Item with the Correct Statement Below

question 136

Multiple Choice

Match each item with the correct statement below.
-A(n) _____ is a contractual agreement in which a wholesaler or retailer agrees to meet the operational requirements of a manufacturer.

• A)exporting
• B)WTO
• C)infrastructure
• D)exchange rate
• E)tariff
• F)import quota
• G)dumping
• H)ISO certification
• I)foreign licensing
• J)multinational corporation
• K)global marketing strategy
• L)multidomestic marketing strategy
• M)countertrade
• N)related party trade
• O)exchange control
• P)customs union
• Q)CAFTA-DR
• R)importer
• S)embargo
• T)franchise

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Definitions:

Erosion Costs

Costs that occur when a new project leads to a decline in revenues or increase in expenses of existing products or services.

Salvage Value

The calculated remaining value of an asset after it has served its anticipated lifetime.

Opportunity Costs

Missing out on possible advantages from various alternatives upon deciding on one.

Sunk Cost

A cost that has already been incurred and cannot be recovered or refunded, and thus should not influence future financial decisions.