Scenario: Excelsior's Limited
Excelsior's Limited, a manufacturer of health and beauty aids, is expanding its presence in several countries around the world. Excelsior's president is surprised at some of the responses the company is receiving from other countries.
-Excelsior's Limited tried to sell its product in Canada,but was told that at least forty percent of the product must be manufactured in Canada.This is an example of a(n)________.

Question

Quizplus · Accepted Answer

The requirement that at least 40% of the product must be manufactured in Canada is an example of a local content requirement. This means that a certain portion of a product must be produced locally in order to be sold in the country, which can be a barrier to entry for foreign companies. An administrative delay refers to a delay in the administrative process of importing goods, while a tariff is a tax on imported goods and an embargo is a total ban on trade with a specific country. None of these options accurately describe the situation faced by Excelsior's Limited in Canada.

Scenario: Excelsior's Limited Excelsior's Limited, a Manufacturer of Health and Beauty Aids, Is