When the Government Wants to Give an Exclusive Right to One

question 257

Multiple Choice

When the government wants to give an exclusive right to one firm to produce a product, it

• A)imposes a tariff on imports of the product.
• B)imposes a quota on imports of the product.
• C)grants a patent or copyright to an individual or firm.
• D)uses antitrust laws to keep other firms from entering the market.

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Definitions:

Customer Profile

A detailed description of the characteristics, behaviors, and demographics of a business's typical customers.

Analogy

A comparison between two different situations that have something in common.

Simile

A figure of speech that makes a comparison between two different things using "like" or "as" to create a vivid description.

Credibility

A salesperson’s believability, established through empathy, willingness to listen to specific needs, and continual enthusiasm toward his or her work and the customer’s business.