DECA Marketing Cluster Practice Exam 2025 – 400 Free Practice Questions to Pass the Exam

Question: 1 / 400

What is a tariff in a business context?

A method of product promotion

A tax on imports and exports

A tariff is defined as a tax imposed on imports and exports. This tax is levied by a government on the value of goods that are brought into or taken out of a country, which can influence trade between nations. By imposing tariffs, a government can protect its domestic industries from foreign competition by making imported goods more expensive, thereby encouraging consumers to purchase locally produced items. Tariffs can also be used as a tool to generate revenue for the government.

Understanding tariffs is essential in the context of international trade and economics, as they play a significant role in shaping trade policies and affecting market dynamics. The other options do not accurately represent what a tariff is or its function in a business context; they relate more to marketing strategies or service-related fees, which are distinct concepts separate from the taxation of traded goods.

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A type of marketing strategy

A fee for using certain services

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