A Lesson from the Brazilian Experiment Was That

question 129

Multiple Choice

A lesson from the Brazilian experiment was that:

• A) infant industry protection is almost never successful.
• B) there are many determinants other than market price that also factor into an industry's success-firms had supplier difficulties and were hampered by excessive regulation.
• C) government usually knows better than the market whether an industry has potential.
• D) when politicians get involved, rational decisions and good business practices are more difficult.

---

Definitions:

Net Price

The price after allowance for all discounts.

Standard Price

The regular or fixed cost of a product or service, typically unaffected by discounts or special offers.

Customers

Individuals or entities that purchase goods or services from a business.

Customer Relationship Management (CRM)

A strategy for managing a company's interactions with current and potential customers using data analysis about customers' history with a company to improve business relationships.