Vocab 3-1
CP Questions
Vocab 3-2
CP Questions
Vocab 3-3
100
Items bought from other countries.
What is Imports
100
___ are items bought from other countries & ___ are goods and services sold to other countries.
What is the difference between imports & exports.
100
Another factor that supports international trade in industrialized countries
What is Infrastructure
100
The actions that could be taken to encourage international trade.
What is Free-Trade Zones, Free-Trade Agreements, and Common Markets
100
An organization that does business in several countries.
What is Multinational Company (MNC)
200
Goods and services sold to other countries.
What is Exports
200
__________ deals with imports & exports. __________ deals with money that goes in & out of a country.
What is the differnce between Balance of Trade & Balance of Payments
200
Restrictions to free trade.
What is Trade Barrier
200
Two strategies commonly used by multinational companies.
What is Global Strategy & Multinational Strategy
200
An agreement between two or more companies to share a business project.
What is Joint Venture
300
The difference between a country's total exports and imports.
What is Balance of Trade
300
Balance of Payments, Economic Conditions, and Political Conditions.
What is the factors that affect the value of a country's currency
300
A limit set on the quantity of a product that may be imported or exported within a given period
What is Quota
300
_____ is the right to use a company name or business process & _____is the rightnto use a brand name or production process.
What is Franchising & Licensing
300
selling the right to use some intangible property (production process, trademark, or brand name) for a fee or royalty.
What is Licensing
400
The value of a currency in one country compared with the value of another.
What is Exchange Rate
400
The four main elemts of the international business environment
What is Geography, Cultural Influences, Economic Development, and Political and Concerns
400
A tax that a government places on certain imported products.
What is Tariff
400
International Monetary Fund assist countries.
What is the promotion of economic cooperations.
400
The right to use a company name or business process in a specific way.
What is Franchise
500
The difference between the amount of money that comes into a country and the amount that goes out of it.
What is Balance of Payments
500
The three formal trade barriers
What is Quotas, Tariffs, and Embargoes
500
A government stopping the export or import of a product completely.
What is Embargo
500
The key effects on a country's level of economic development
What is Literacy Level, Technology, and Agricultural Dependency
500
Helps to promote economic cooperation with over 150 member nations.
What is International Monetary Fund (IMF)
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