Japanese car safety rules require all automobile replacement parts to be Japanese and EU nations have 10,000 rules that specify how goods are to be made and marketed.These are examples of
A) ISO 9000 standards.
B) trade barriers.
C) universal codes.
D) binding requirements.
E) "the price of doing business."

Question

Quizplus · Accepted Answer

These examples demonstrate trade barriers, which are restrictions put in place to limit or control the flow of goods and services between countries. The requirement for Japanese replacement parts in Japan and the numerous rules in EU nations serve as barriers to foreign manufacturers attempting to enter these markets.

Japanese Car Safety Rules Require All Automobile Replacement Parts to Be