ENTREPRENEURSHIP

Detailed explanation-1: -An ad valorem duty (tariff, charge, and so on) is based on the value of the dutiable item and expressed in percentage terms for example, a duty of 20 percent on the value of automobiles.

Detailed explanation-2: -An ad valorem duty is expressed as a percentage of the value of goods. CVDs are additional duties levied by exporting countries on imported videodiscs. Foreign purchasing agents are also referred to as jobbers.

Detailed explanation-3: -Ad valorem percentage means the ratio of the value added obtained after a country/territory manufactures, subcontracts or processes the non-originating materials of that country/territory, to the total value of goods turned out.

Detailed explanation-4: -ad valorem tax, any tax imposed on the basis of the monetary value of the taxed item. Literally the term means “according to value.” Traditionally, most customs and excises had “specific” rates; the tax base was defined in terms of physical units such as gallons, pounds, or individual items.

Detailed explanation-5: -The correct option is Ad-Valorem.