Thinking of boosting your companys sales by selling products in another country? Consider the impact of tariffs.
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Thinking of boosting your company’s sales by selling products in another country? Consider the impact of tariffs. A tariff, or duty, is a tax imposed on imports of specific products. For example if your U.S.-based company sells computer hardware in Venezuela, a 5 percent tariff will be charged on each item.
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Assume that Venezuelan competitors sell Model AB computer monitors for $210. You typically charge $205. Will your price be competitive after considering the tariff? Why or why not?
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Assuming that the Venezuelan competitors sell Model AB computer ...View the full answer
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