The Figure Below Shows the Demand (D) and Supply (S)

question 43

True/False

The figure below shows the demand (D) and supply (S) curves of cocoa in the U.S.Figure 21.4

-Tariffs are considered to be a popular tax in the first world countries who justify them on the basis of the revenue they generate for government spending.

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Definitions:

PEST Analysis

A strategic business tool used to identify and analyze the Political, Economic, Social, and Technological factors that could impact an organization.

Offshoring Backlash

Negative public or political reaction to the practice of moving business processes or services to another country to reduce costs.

Franchising

Permission to use another company’s trademarks, patents, copyrights, and expertise according to a strict template setting out the way it does business.

Importing

Purchasing goods or services from another country to be sold in a company’s home market.