Which of the Following Will Occur When a Tariff Is

question 117

Multiple Choice

Which of the following will occur when a tariff is placed on imported sugar?

• A)The price of imported sugar will rise
• B)The price of domestic sugar will rise
• C)The price of imported and domestic sugar will rise
• D)The price of sugar will fall
• E)More sugar will become available in the marketplace

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Definitions:

External Capacity

The abilities and resources available to an organization from external sources that can be used to achieve its goals and objectives.

Strategic Issues

Key factors or challenges that could significantly impact an organization's ability to achieve its goals, requiring management's attention and strategic planning.

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The advantage or value that a buyer gains from purchasing and using a product or service, which meets their needs or desires.

All-benefits Approach

A marketing strategy that emphasizes all the benefits of a product or service to appeal to a wide range of consumers.