ABC RETAILER Observe the ER Diagram for the ABC Retailer

question 42

Multiple Choice

ABC RETAILER
Observe the ER diagram for the ABC Retailer:

This ER diagram will be used for the following questions citing ABC Retailer ER Diagram.
-Which of the following is true according to the ABC Retailer ER diagram?

• A)A product can be associated with many promotions and it has to be associated with at least one promotion
• B)A product can be associated with many promotions but it does not have to be associated with any promotions
• C)Each product is associated with exactly one promotion
• D)A product is not associated with any promotions

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Definitions:

Protectionist Argument

The rationale for implementing trade barriers, such as tariffs and quotas, to protect domestic industries from foreign competition.

Dumping

Selling goods in a foreign market at a price below the cost of production or below the price in the home market, often to gain market share.

American Firms

Companies that are based in the United States and subject to U.S. laws and economic policies.

General Agreement on Tariffs and Trade (GATT)

The international agreement reached in 1947 in which 23 nations agreed to eliminate import quotas, negotiate reductions in tariff rates, and give each other equal and nondiscriminatory treatment. It now includes most nations and has become the World Trade Organization.