A Charge Levied on Imports in Terms of a Fixed

question 132

Multiple Choice

A charge levied on imports in terms of a fixed percentage of value is known as a(n) :

• A)specific tariff.
• B)ad valorem tariff.
• C)import quota.
• D)import concession.
• E)import substitution.

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Definitions:

Consumer Needs

The essential requirements and desires that drive consumer behavior, influencing their purchasing decisions and preferences.

Satisfaction

The feeling of contentment or pleasure when one's expectations are met or exceeded, especially in the context of business and customer experiences.

Demographic Segmentation

The grouping of consumers according to easily measured, objective characteristics such as age, gender, income, and education.

Consumer Market

The market segment consisting of individual customers who purchase goods and services for personal use.