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    Dr Afua

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    BUSN2019

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    Business

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Question

1. Explain the differences between tariffs, non-tariffs trade barriers, investment barriers and government subsidies?

2. From the research of your chosen company (SPC Ardmona), identify 3 examples of government intervention that apply to your company in a foreign market.

3. Discuss the main types of non-tariff trade barriers. Suggest business strategies for minimising the effects of non-tariff trade barriers. 

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Solution Preview

Tariff barrier are the barriers related to import and export duties. The effect of a tariff is to raise the price of an imported product. Government receives the revenue in Tariff barrier. These tradebarriers are elementary and anticipatory like custom duties or food safety regulations. In tariffbarrier, the variations in price would be similar 

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