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Decision making - impact of import quota & tariff.

You are the manager of the only firm worldwide that specializes in exporting fish products to Japan. Your firm competes against a handful of Japanese firms that enjoy a significant first-mover advantage. Recently, one of your Japanese customers has called to inform you that the Japanese legislature is considering imposing a quota that would reduce the number of pounds of fish products you are permitted to ship to Japan each year. Your fist instinct is to call the trade representative of your nation to lobby as per the import quota. Is following through with your first instinct necessarily the best decision? describe.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M922876

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