What Is an Import Tariff

question 105

Multiple Choice

What is an import tariff?

• A) a limit on the imported quantity of a certain good
• B) a tax on the value of an import
• C) a health or safety precaution that affects goods that may cause long-term harm to humans or animals
• D) a bureaucratic rule that can be overridden by the Secretary for International Trade

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Definitions:

Buyer's Readiness

The stages a potential customer goes through before deciding to purchase a product, including awareness, knowledge, liking, preference, conviction, and purchase.

Team Selling

A sales strategy where a group of individuals with different expertise collaborates to sell a product or service to better meet customer needs.

New-Customer Acquisition

The process of attracting and converting prospects into new customers for a business.

Sales Force Management

The planning, direction, and control of personal selling activities, including recruitment, selection, training, motivating, compensation, and evaluation as they apply to the sales force.