Abuy class situation affects buying center tendencies in different ways. if there are many people involved, the problem definition is uncertain, and the time required for a decision is long, the buy class situation is most likely a:

A new buying situation

Explanation:

When a party buys the product for the very first time from some other party, the both the parties are unfamiliar with them. Thus, the buying decision will involve all the six steps that are present in the B2B dealing.

Also, it will involve many people in the decision of buying.

Thereby, due to the above factors the time required for the decision making will be long.

trade regulation is a field of law, often bracketed with antitrust (as in the phrase “antitrust and trade regulation law”), including government regulation of unfair methods of competition and unfair or deceptive business acts or practices. antitrust law is often considered a subset of trade regulation law. franchise and distribution law, consumer protection law, and advertising law are sometimes considered parts of trade regulation law.

in general the theory of economics says that the more open to trade a country is the better   the result for the same country and the whole economies.

in real life countries impose taxes, quotas, etc which is not so good for the economies.

this kind of commercial war between the usa and china is slowing down the growth of the whole world so we can say that it is a draw back of trade regulations. and the free trade agreements are benefits of trade regulations.