Quotas Versus Tariffs – International Marketing Mgt. – IBUS

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Contrast quotas versus tariffs and their impact on international trade.
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International Trade, Quotas Versus Tariffs, International Marketing Mgt. – IBUS Exam

The key terms in this International Marketing course include Quotas Versus Tariffs, International Trade, Confiscation, Global Markets, Counterfeit Products International Marketing Mgt. – IBUS Exam


Contrast quotas versus tariffs and their impact on international trade.

Quotas can potentially be a bigger problem than tariffs because the options to deal with quotas can be limited.

Tariffs can potentially be a bigger problem than quotas because the options to deal with tariffs can be limited.

Quotas result in higher import taxes for the foreign government as contrasted with only using tariffs.

Quotas ban the import of particular products, whereas tariffs are essentially import taxes.


Government seizure of assets with no remuneration is known as

confiscation.

nationalization.

expropriation.

antiboycott.


For a firm to successfully sell a standardized product in global markets,

service operations must be centralized.

foreign markets must have established technical product standards.

overseas customers must have similar tastes as domestic customers.

national governments must have passed local content laws.


Which of the following factors would most likely lead a firm to standardize its products for international markets?

Economies of scale in production

Various technical standards across markets

Different usage factors between markets

Government regulations requiring local content


Counterfeit products are defined as

products stolen from a factory and re-sold on the illegal market.

products with a well-known brand name used without permission.

products sold outside a firm’s authorized sales channel.

products sold in violation of local laws.


Contrast quotas versus tariffs and their impact on international trade.

Quotas can potentially be a bigger problem than tariffs because the options to deal with quotas can be limited.

Tariffs can potentially be a bigger problem than quotas because the options to deal with tariffs can be limited.

Quotas result in higher import taxes for the foreign government as contrasted with only using tariffs.

Quotas ban the import of particular products, whereas tariffs are essentially import taxes.


Government seizure of assets with no remuneration is known as

confiscation.

nationalization.

expropriation.

antiboycott.