Vocab
Vocab Part Deux
Vocab the Third
Franchising or Licensing
Balance of Trade
100
Goods and services sold to other countries
What are EXPORTS?
100
A tax that a government places on certain imported products.
What is TARIFF
100
Business activities needed for creating, shipping, and selling goods and services across national borders.
What is International Business
100
Support and Training is required/mandatory by the business
What is FRANCHISING
100
Canada Goods Exported of 204.7 Goods Imported of 224.9
What is UNFAVORABLE BALANCE OF TRADE
200
Accepted behaviors, customs, and values of a society
What is CULTURE.
200
A selected area where products can be imported duty-free and then stored, assembled, and/or used in manufacturing.
What is FREE TRADE ZONE
200
Restrictions to free trade.
What is TRADE BARRIERS
200
McDonald's is an example of this.
What is FRANCHISING
200
Netherlands Goods Imported of 16.1 Goods Exported of 32.3
What is FAVORABLE BALANCE OF TRADE
300
the cost of using someone else's money
What are INTEREST RATES
300
A situation where a country can produce a good or service at a lower cost than other countries
What is ABSOLUTE ADVANTAGE
300
A government-set limit on the quantity of a product that may be imported or exported within a given period.
What is QUOTA
300
Microsoft Office is an example of this.
What is LICENSING
300
Mexico Goods Exported of 129.0 Goods Imported of 176.5
What is UNFAVORABLE BALANCE OF TRADE
400

a strategy that treats each country market differently. Firms develop products and marketing strategies that adapt to the customs, tastes, and buying habits of a distinct national market.

What is MULTINATIONAL STRATEGY?

400
A market in which members do away with duties and other trade barriers.
What is COMMON MARKET
400
Selling the right to use some intangible property (production process, trademark, or brand name) for a fee or royalty.
What is LICENSING
400
Company and/or Business has supreme control over all business transactions, decisions, etc.
What is FRANCHISING
400
UK Goods Imported of 47.5 Goods Exported of 45.7
What is UNFAVORABLE BALANCE OF TRADE
500
An agreement between member countries to remove duties and trade barriers on products traded among them.
What is FREE TRADE AGREEMENT
500
A unique business organized by two or more other businesses to operate for a limited time and for a specific project. It is a type of partnership.
What is JOINT VENTURE
500
A factor that supports international trade in industrialized countries, including a nation's transportation, communication, and utility systems.
What is INFRASTRUCTURE
500

Royalty Payments, other fees are paid.

What is FRANCHISING AND LICENSING

500
France Goods Exported of 26.5 Goods Imported of 34.0
What is UNFAVORABLE BALANCE OF TRADE
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