Match each item with the correct statement below.
-_____ are taxes levied on the sale of imported goods and services.
A)breakeven analysis
B)tariffs
C)unfair-trade laws
D)incremental-cost pricing
E)profit maximization
F)demand
G)value pricing
H)monopoly
I)elasticity
J)marginal
K)fair-trade laws
L)yield management
M)oligopoly
N)cost-plus pricing
O)full-cost pricing
P)supply
Q)marginal analysis
R)target-return objectives
S)market-share objectives
T)pure competition

Question

Quizplus · Accepted Answer

Tariffs are specifically taxes levied on the sale of imported goods and services.

Answer: K
 Fair-trade laws refer to regulations that prevent unfair competition, specifically from foreign countries or companies.

Answer: N
 Cost-plus pricing is a strategy where a business sets its price by adding a markup to the total cost of producing the product or service.

Answer: P
 Supply refers to the amount of a product or service available for consumers to purchase.

Answer: Q
 Marginal analysis is the process of examining the costs and benefits of producing one additional unit of a product or service.

Answer: R
 Target-return objectives involve setting prices that will enable a business to achieve a specific return on investment.

Answer: T
 Pure competition refers to a market where there are many buyers and sellers and no single business has a significant amount of power to influence pricing or supply.

Match Each Item with the Correct Statement Below