GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A country that lacks ability to logistically transport imports & exports would be concerned with which component of the international business environment?
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Geography
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Culture
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Economy
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Infrastructure
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Explanation:
Detailed explanation-1: -One of these ways was the introduction of tariffs, which placed restrictions on imported and exported goods and services. However, industrialized countries transitioned from tariff barriers to non-tariff barriers since they had built other sources of funding.
Detailed explanation-2: -Tariffs are a tax on imports. Quotas are a limit on the number of a certain good that can be imported from a certain country. Embargoes occur when one country bans trade with another country. More items
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