Companies in European countries sometimes compete with imports of their own products at lower prices because of _____. Multiple choice question. different taxes and competitive price structures the flexibility in import quotas the decline of illegal imports and uniform prices lowered tariffs and similar tax benefits

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DjDavE2017 DjDavE2017

15-11-2021
Business

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Companies in European countries sometimes compete with imports of their own products at lower prices because of _____. Multiple choice question. different taxes and competitive price structures the flexibility in import quotas the decline of illegal imports and uniform prices lowered tariffs and similar tax benefits

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Martebi Martebi · Answer 1 · 2021-11-29T12:25:03+01:00

The importing and exporting activity of a country can affect its GDP, its exchange rate, and interest rates. Companies in European countries sometimes compete with imports of their own products at lower prices because of different taxes and competitive price structures

A weaker domestic currency often leads to exports and also makes imports more expensive and so therefore, a strong domestic currency boast exports and makes imports cheaper.

Pricing as an active instrument is often used by firms to sets prices so as to achieve specific goals, including targeted returns on profit and targeted sales volumes.

Taxes that is placed on goods/services have a lot of ways that it influences the prices of that goods and services.

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