Final answer:
The 'rules, rate schedules, and regulations' pertinent to global business are described as nontariff barriers C)(NTBs), which include practices like safety inspections and 'rules-of-origin' regulations.
Step-by-step explanation:
The three R's of global business, namely rules, rate schedules, and regulations, are best described as nontariff barriers (NTBs). Unlike tariffs or duties which are taxes on imports, and quotas that set a physical limit on the quantity of goods that can be imported.
NTBs refer to all the other ways a nation can implement policies to make it more difficult or expensive to import products. These include various forms of rules, inspections, paperwork, and 'rules-of-origin' regulations.
which affect the labeling of a product based on where the last substantial change took place.For instance, certain safety standards can limit imports as effectively as tariffs or quotas.
Manufacturers may try to navigate these restrictions by altering the production process so that significant changes occur in their own country, offering ways to circumvent tariffs or enhance the product's appeal through labeling.