The US Customs Service Reclassified Imports of Compact Trucks (Like the the Toyota

question 183

Multiple Choice

The U.S. Customs Service reclassified imports of compact trucks (like the Toyota Tacoma) from "parts of trucks" to "complete or unfinished trucks." As a result of this reclassification, a tariff of _____ was applied, and U.S. prices of Japanese compact trucks rose by _____.

• A) 25%; 25%
• B) 25%; more than 25%
• C) 25%; less than 25%
• D) 4%; more than 4%

---

Definitions:

Customer Data

Information collected about customers that can include personal details, preferences, and behaviors, used to guide business decisions and marketing strategies.

Profit Potential

The capability of a business or investment to generate earnings over a period, indicating its financial viability and attractiveness.

Lifetime Value Analysis

A comparison of the costs of retaining customers and the costs of acquiring new customers, to determine how much money each type of customer requires.

Retaining Customers

Strategies and activities that a business uses to prevent customer defection and to maintain long-lasting relationships with them.