Managers should understand the effect of trade protectionism because ________.
A)trade protectionism may limit the number of people permitted to practice a specific profession
B)trade protectionism requires the payment of high insurance rates to transport goods internationally
C)trade protectionism may prevent companies' enactment of merger and acquisition agreements
D)trade protectionism may make it difficult for a company to buy what it needs from foreign suppliers

Question

Quizplus · Accepted Answer

Trade protectionism involves imposing restrictions on imports to protect domestic industries. This can make it difficult for a company to buy what it needs from foreign suppliers, leading to increased costs, reduced access to specialized resources, and lower competitiveness. Managers must understand these effects to plan their procurement, production, and supply chain strategies accordingly.

Managers Should Understand the Effect of Trade Protectionism Because ________