An Import Quota on a Product Normally Does All of the Following

question 105

Multiple Choice

An import quota on a product normally does all of the following except

• A)reduces the volume of that product traded.
• B)raises the price in the importing country.
• C)increases the price everywhere.
• D)reduces the price in the exporting country.

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Definitions:

CRM System

Customer Relationship Management System; technology for managing a company’s relationships and interactions with current and potential customers.

Calendar And Time Management Systems

Tools and techniques used to organize, schedule, and manage time effectively, including both digital and physical calendars.

Microsoft Outlook

A personal information manager software system from Microsoft, primarily used as an email application, it also includes calendar, task manager, contact manager, note taking, and journal.

Purchase Frequency

Purchase frequency is a measure of how often customers buy a product or service over a specific period of time, indicating loyalty and satisfaction.