Methods Of Entering Business
What is the right to sell a company's goods or services in a specific area called?
Franchise
What is it called when a government action is taken to control or limit the amount of imports?
Trade Barrier
Planning and managing the flow of goods, services, and people to a destination
Logistics
What is the parent company that owns the chain and the brand?
Franchisor
A government order that prohibits trade with a foreign country
Embargo
Describes having people from different backgrounds, cultures, or demographics come together in a group
Diversity
What is the person or company that buys the rights to use the brand called?
Franchisee
Embargoes on specific goods
Trade Sanctions
Is the process of sending and receiving messages between people of various cultures
Intercultural Communication
What is a partnership of two or more companies that work together for a specific business purpose?
Joint Venture
Government implemented taxes on specific goods
Tarriffs
Refers to the use of english by people with a different native language
English As A Second Language (ESL)
What is it called when a business sells the right to manufacture its products or to use its trademark?
Licensing
A limit on amount of a product imported into a country during a specific period of time
Quota
Is a business that operates in more than one country
Multinational Corporation