Which of the following is NOT addressed by the basic tenets of the World Trade Organization?
A) legally binding contracts
B) sustainability
C) transparency
D) exclusion of reciprocity
Answer: B
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Michael is opening a tire store. He intends to set the price of tires based on determining the total cost of his purchase of one tire and then adding an amount to cover additional costs and profits. Michael is using ___ pricing.?
A) ?cost-based B) ?additional markup C) ?floor establishment D) ?survival
When toy maker Mattel sells Barbie dolls in the Middle East, it changes the doll's shape to one that is a more accurate portrayal of a female body. Mattel does this in order to
a. create a commodity-type product. b. transfer technological know-how. c. respond to differences in local tastes. d. realize experience curve effects. e. increase product standardization