The Main Goal of Tariffs Is to

question 41

Multiple Choice

The main goal of tariffs is to

• A) increase the selling price of imported goods, thereby reducing competition for domestic producers.
• B) raise revenues for the importing government.
• C) reduce earnings for the exporting government.
• D) penalize importers for not buying domestic goods.

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Definitions:

SWOT Analysis

A strategic planning tool used to identify and analyze the Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

Marketing Mix

The set of actions, or tactics, that a company uses to promote its brand or product in the market, usually framed as the four Ps: Product, Price, Place, and Promotion.

Product Benefit

The value or advantage that a product offers to the customer, often used in marketing and sales pitches to highlight how it meets needs or solves problems.

Business Proposition Benefit

The advantage or value that a business proposal offers to a potential buyer or investor.