A Government-Imposed Restriction on the Quantity of a Specific Good

question 139

Multiple Choice

A government-imposed restriction on the quantity of a specific good that another country is allowed to sell in the U.S. is

• A) a regional trade bloc.
• B) an import quota.
• C) a voluntary import expansion.
• D) a voluntary restraint agreement.

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Definitions:

Undifferentiated

A marketing strategy that ignores market segment differences and targets the whole market with one offer or marketing mix.

Employee Development

Initiatives and programs aimed at improving staff skills, competencies, and career prospects for better performance and job satisfaction.

Compensation

The complete sum of cash and non-cash compensation given to an employee by an employer in exchange for the work done as requested.

Internal Marketing

The notion that a service organization must focus on its employees, or internal market, before successful programs can be directed at customers.