International Trade Agreements
Global Business Etiquette
Multinational Corporations (MNCs)
Currencies and Exchange Rates
Cross Cultural Negotiations
100

This trade agreement created a single market between Canada, the United States, and Mexico in 1994

What is the North American Free Trade Agreement (NAFTA)?

100

In this country, interrupting someone during a conversation is generally acceptable as it shows engagement, but direct eye contact is key to showing respect 

What is France?

100

This fast-food chain is known for adapting its menu to suit local tastes in international markets (such as offering veggie burgers for stores in India)

What is McDonald's?

100

This currency is used in Japan

What are yen?

100

In this country, the norm is a highly relationship-oriented negotiation that prioritizes consensus, subtle cues, and building long-term partnerships

What is Japan?

200

This organization was created to promote free trade by reducing tariffs and trade barriers worldwide.

What is the World Trade Organization (WTO)?

200

In this Nordic country, it’s considered impolite to boast about personal achievements in business settings, as modesty is highly valued

What is Sweden?

200

This Swedish furniture company is famous for its flat-pack products and stores designed to offer a full in-store experience worldwide

What is IKEA?

200

This is the currency used in India

What are rupees?

200

In this country, negotiations tend to be very logical and detail-oriented, with highly structured, less flexible agreements 

What is Germany?
300

The European Union allows free movement of goods, people, and capital between member countries in this economic agreement

What is the European Single Market?

300

In this country, close physical proximity is common in business interactions, and stepping back may be perceived as unfriendly or cold

What is Brazil?

300

Founded in Germany, this luxury automobile manufacturer is known for its engineering excellence and the slogan "The Best or Nothing."  

What is Mercedes-Benz?

300

This is the currency used in Morrocco

What is the dirham?

300

In this country, negotiations are typically direct, focused on achieving a quick deal, and comfortable with open confrontation. Prioritizes the facts and figures

What is the US?

400

This agreement encourages free trade among African countries, aiming to create one of the largest free trade areas in the world.

What is the African Continental Free Trade Area (AfCFTA)?

400

In this Asian country, business gifts are often refused several times before being accepted, as immediate acceptance can be seen as impolite 

What is China?

400

This Japanese automobile manufacturer is known for producing some of the most reliable vehicles in the world and has a strong environmental focus.

What is Toyota?

400

This term refers to the simultaneous buying and selling of foreign currencies to reduce exchange rate risk

What is hedging?

400

In the Middle East, it’s common to engage in this practice of negotiating the price of goods and services.

What is haggling/bargaining

500

This trade agreement between Australia, Japan, Canada, and several other Pacific Rim countries was designed to encourage economic growth

What is the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)?

500

In this country, silence during negotiations is common, as it reflects thoughtfulness and consideration in decision-making

What is Japan?

500

Headquartered in Switzerland, this multinational food and beverage company is one of the largest food producers in the world

What is Nestle?

500

This concept is used to compare standards of living and economic productivity between different countries. This is the exchange rate at which one nation's currency would be converted into another to purchase the same amounts and types of a large group of products 

What is Purchasing Power Parity (PPP)?

500
In this country, haggling is frowned upon, and negotiations are generally longer discussions. Being argumentative is often seen as entertaining, not rude.

What is France?