Many Inventors Struggle with the Question,"I Made It; Now How

question 49

Multiple Choice

Many inventors struggle with the question,"I made it; now how do I get rid of it?" They have made the error of considering marketing as

• A) an afterthought.
• B) an integral part of a business plan.
• C) an accounting function.
• D) a profit center.
• E) important only for new products.

---

Definitions:

Tariff

A tariff is a tax imposed by a government on imported or exported goods, often used to protect domestic industries or generate revenue.

Import-Competing Clauses

Provisions that protect domestic industries by limiting or imposing conditions on the import of similar foreign goods.

Import Reduction Acts

Legislation designed to decrease the importation of goods into a country to protect domestic industries.

Trade Protection

Policies that limit imports.