A ________ is a specially designated area that allows resident companies to import materials and components from foreign countries;assemble,process,package,or manufacture them;and then ship finished products out while incurring low tariffs and duties or,in some cases,paying no tariffs or duties at all.
A)Local Trade Zone
B)Duty Free Zone
C)Foreign Trade Zone
D)All of the above

Question

Quizplus · Accepted Answer

A Foreign Trade Zone (FTZ) is a specially designated area where companies can import materials and components from foreign countries, assemble, process, package, or manufacture them, and then ship finished products out while incurring low tariffs and duties or, in some cases, paying no tariffs or duties at all. Local Trade Zone and Duty Free Zone are not the correct terms for this definition.

A ________ Is a Specially Designated Area That Allows Resident