Chapter 1
________ , the increasing interdependency and interaction of nations, economies, and businesses all over the world, has had a positive effect on American marketers, producers, and consumers.
What is Globalization?
This is the only global organization providing a forum for governments to negotiate trade agreements and a place for them to settle trade disputes.
What is the World Trade Organization (WTO)?
This was the largest bilateral trading partner of the United States in 2013 with more than $632 billion in goods crossing their borders.
What is Canada?
Only about _________% of all businesses in the U.S. are active in foreign trade.
What is 10%?
What is an Export Control Classification Number (ECCN)?
This is the absencee of government-imposed trade barriers - laws or protectionist policies - that would prevent the free flow of goods or services between two or more countries.
What is Free Trade?
This group is an international forum promoting trade and economic cooperation that includes the governments of 8 countries; Canada, France, Germany, Italy, Japan, Russia, the UK, and the US.
What is the G-8?
The United States is _______ 's largest export market.
What is China?
__________ of the world's population lives outside of the U.S.
What is 95%?
This primary government agency is responsible for implementing and enforcing the Export Administration Regulations (EARs).
What is the BIS?
This represents a commercial operation in which ownership is shared by a government and a business.
What is a Mixed Venture?
This is one of the earliest - and historically most significant - examples of the new international order, consisting of most of the nations of Western Europe.
What is the European Union?
Trade between the United States and __________ represent an estimated 50% of world GDP and nearly one-third of world trade flows.
What is the European Union?
__________ is the process of distributing a product, service, technology, or idea that originates in one country and is sent beyond its borders to distributors or end-users in another country.
What is Exporting?
This agency protects U.S. national security, foreign policy, and economic interests by educating potential exporters on how to improve their compliance practices.
What is the Export Enforcement Arm (EEA)?
This is a form of licensing that is an agreement between a company and a foreign organization to set up and operate that company's retail stores in foreign countries.
What is a Franchise?
In January 1994, the United States, in cooperation with Canada and Mexico, formed the _____________________.
What is the North American Free Trade Agreement (NAFTA)?
Every $1 billion in new exports of American goods supports more than _________ additional jobs here at home?
What is 6,000 jobs?
One of the main steps in developing an export market plan is to conduct _________, which includes collecting data.
What is market research?
This code contains licensing requirements based on destination and reasons for export controls.
What is the Commerce Country Chart (CCC)?
This occurs when two firms join together as owners for a specific purpose, each participating company retaining a portion of control over the new organization.
What is a Merger?
This organization was absorbed by the World Trade Organization.
What is the General Agreement on Tariffs and Trade (GATT)?
The US - __________ Alliance is the cornerstone of U.S. security interests in Asia and is fundamental to regional stability and prosperity.
What is the US-Japan Alliance?
The first question to ask yourself when deciding to export is ______________?
This product is restricted from being exported worldwide.
What is nuclear devices?