Definitions
What is a business?
This company acted like a government in the 1700s.
Hudson's Bay Company
True or False: Globalization may affect the whole world's economy by events that happen in one place.
True
This country has the top 5 exports of soybeans
China
An exchange of things of value
What is a transaction?
This individual invented the cotton gin - an automated device that separated the cottonseed from the cotton fibres.
World War 2
This country hosts car brands BMW and Mercedes-Benz
Germany
A business that makes most of its transactions within its borders of the country in which it is based.
What is a domestic business?
In which cities (name 3) did the first permanent settlements occur in the 1700s?
What do we call the reliance of two or more countries on each other for products or services?
What is interdependence?
This country shares the Amazon rainforest with Brazil.
Guyana
A process whereby national or regional economies or cultures have become integrated through new technologies, investment, etc.
What is globalization?
When did Canada start it's trade with Japan?
After world war 2, late 1940s.
This type of industry includes agriculture, fishing, hunting, etc.
What is a primary industry?
This country invented the shampoo
India
What are the 5 main ways a business can be considered international?
1. own a retain or distribution outlet in another country
2. own a manufacturing plant in another country
3. export to a business in another country
4. import from another business in another country
5. invest in business in another country
Previous known as NAFTA, this new acronym outlines the agreement between Mexico, Canada and the US.
What is the USMCA?
What are two disadvantages of a branch plant/
1. Less innovation in domestic country
2. Less use of Canadian materials
3. No Research and Development in branch plant country
They house more classic cars than modern, traditional cars.
Cuba