International Basics
When a country's imports exceed its exports, this is a trade.
What is a trade deficit?
It's a limit on the quantity of a products that may be imported or exported during a given period of time.
What is a quota?
It's an organization that does business in several countries.
What is a multinational company?
She is described as the town's only bookworm and she is the daughter of a clock maker (artist).
Who is Belle?
A nation's transportation, communication and utility systems.
What is infrastructure?
The value of a country's currency is likely to decline as a result.
What is higher inflation?
What is an embargo?
This is an agreement between two or more companies to share a business project.
What is a joint venture?
He is Gaston's right hand.
Who is LeFou?
What is an import?
The value of a currency in one country compared with the value in another.
What is an exchange rate?
It's a tariff?
What is a tax that a government places on certain imported products?
These are the two strategies commonly used by a MNC.
What are global and multinational strategies?
He is a bright character, likes to serve and even sings about serving others.
Who is Lumiere?
This is the value of one country's money expressed in terms of the money from another country.
What is an exchange rate?
This is a situation in which a country specializes in the production of a good or service at which it is relatively more efficient.
What is a comparative advantage?
What are trade barriers?
This organization settles trade disputes and enforces free trade agreements between its members.
What is the World Trade Organization?
Belle asked Monsieur Jean if he lost something again, on her way to return her book to the church library. This is what he lost.
His wife, Mrs. Potts and their son Chip.
This is the difference between a country's total payments to the other countries and its total receipts from other countries?
What are balance of payments?
They are the country's Balance of Payments, Economic Conditions, Political Stability.
These are the four main elements of the international business environment.
What are geography, economics, culture and Political-Legal Factors?
A right to use a company name or business process in a specific way?
What is franchising?
She is known as Agatha the beggar in the town, and she previously gifted the Prince a special rose.
Who is the Enchantress?
This refers to the private ownership of resources by individuals, rather than by government.
What is Capitalism?