International Business Opportunities
What is one of the emerging economies?
Acceptable answers:
What is Brazil?
What is Russia?
What is India?
What is China?
What are some strategies for reaching global markets?
Acceptable answers:
What is foreign outsourcing?
What is importing?
What is exporting?
What is foreign licensing?
What is Foreign franchising?
What is foreign direct investment?
Taxes imported on goods from another country
What is a Tariff?
What is the World Bank?
What is international cooperative of 188 member countries, working together to reduce poverty in the developing world. ~
Is protecting domestic injury and jobs reasons to create restrictions or reasons to eliminate restrictions?
Reasons to create trade restrictions
What are reasons for international trade?
Acceptable answers:
What is access to factors of production?
What is reduced risk?
What is inflow of innovation?
What are forms of joint ventures?
Acceptable answers:
What is partnership?
What is strategic alliance?
Goods sold from one country to another
What are Exports?
What is the IMF?
What is promotes international economic cooperation and stable growth? ~
Is protecting national security interests reasons to create restrictions or reasons to eliminate restrictions?
Reasons to create trade restrictions
What is absolute advantage?
What is the benefit the country has when it produces more product than other nations using the same resources? ~
What are barriers to international trade,
Acceptable answers:
What is sociocultural diferences?
What is economic differences?
What is plolitical and legal differences?
Connection of economies and populations through business trade and investment
What is Globalization?
What does the IMF help do?
Acceptable responses:
What is supporting stable exchange rates?
What is facilitating a smooth system of international payments?
What is encouraging member nations to adopt sound economic policies?
What is promoting international trade?
What is lending money to member nations to address economic problems?
Is reducing prices and increasing choices for customers reasons to create restrictions or reasons to eliminate restrictions?
Reasons to eliminate trade restrictions
What is comparative advantage?
What is the benefit a country has if it can make products at a lower opportunity cost than other countries? ~
What are international trade restrictions?
Acceptable answers:
What are tariffs?
What are quotas?
What are voluntary export restrains?
What is embargo?
Worldwide environments where businesses buy, sell, and compete against each other internationally
What is the Global Marketplace?
Who controls the worls bank and the IMF?
What is member countries?
Is using resources more efficiently on a worldwide basis reasons to create restrictions or reasons to eliminate restrictions?
Reasons to eliminate trade restrictions
What are forms of joint ventures
What are licensing, franchising, and strategic alliances?
Who controls the World Bank and the IMF?
What are member countries?
An official government order restricting or prohibiting trade, commerce, or specific shipments with a particular country to achieve political or economic goals.
What is embargo?
Provides long-term loans for development vs short-term loans for financial stability?
What is the difference between the World Bank and the IMF?
Protecting industries vs lowering prices and increasing choices?
What is creating restrictions vs eliminating restrictions?