In the 1980s, almost everybody owned a novelty called a Sound ...

[ghost!]

In the 1980s, almost everybody owned a novelty called a Sound Boxer. This product was a musical device that played a musical note at the press of a button. The sales of this product rapidly grew and just as rapidly fell. In terms of the Product Life Cycle, the Sound Boxer was a:
 A) classic.
  B) fashion.
  C) fad.
  D) contagion.
  E) laggard.

Question 2

Explain what a foreign trade zone is.

[pratush dev]

Answer to Question 1

C

Answer to Question 2

A foreign trade zone is a tax-free area in a particular country that is not considered part of the respective country in terms of import regulations and restrictions. Products can be shipped to a foreign trade zone, they can undergo additional manufacturing processes, and then shipped further to the target market. Such products are not assessed any duties, and cannot be subjected to tariffs or quotas unless they enter the territory of the host country of the foreign trade zone. A foreign trade zone is a site within a particular country that is considered to be an international area; merchandise in the FTZ, both foreign and domestic, is outside the jurisdiction of the host country customs services.

[ghost!]

TYSM

[jordangronback]

YES! Correct, THANKS for helping me on my review