If a firm is concerned with high duty rates, on which of the following criteria should it focus?
A) Type of goods imported and their value
B) Type of goods imported and their cost
C) Type of goods exported and their value
D) Type of goods exported and their cost

Question

Quizplus · Accepted Answer

Duty rates are determined based on the type of goods being imported and their value. Therefore, a firm should focus on these criteria to address concerns over high duty rates. The cost of the imported goods does not necessarily impact the duty rate. The type and cost of exported goods are also not relevant in this situation.

If a Firm Is Concerned with High Duty Rates, on Which