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A specific unit or dollar limit applied to a particular type of good.*Uncontrollable factorsControllable factorsQuotaTariffs

Question

A specific unit or dollar limit applied to a particular type of good.

  • Uncontrollable factors
  • Controllable factors
  • Quota
  • Tariffs
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Solution

Uncontrollable factors and controllable factors are two types of factors that can affect the success of a business. Uncontrollable factors are external factors that cannot be controlled by the business, such as changes in the economy, government regulations, or natural disasters. Controllable factors, on the other hand, are internal factors that can be controlled by the business, such as pricing strategies, marketing efforts, or product quality.

A quota is a specific unit or dollar limit that is applied to a particular type of good. It is a restriction imposed by the government or a regulatory body on the quantity of a specific product that can be imported or exported. Quotas are often used to protect domestic industries by limiting the amount of foreign competition.

Tariffs, on the other hand, are taxes or duties imposed on imported goods. They are used to increase the price of imported goods, making them less competitive compared to domestic products. Tariffs can be used to protect domestic industries, generate revenue for the government, or address trade imbalances.

In summary, uncontrollable factors and controllable factors are two types of factors that can affect a business. Quotas are specific limits imposed on the quantity of a particular type of good, while tariffs are taxes imposed on imported goods.

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