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International Trade Barriers
International Business Environment
Global Market Entry Modes
International Trade Organizations
International Monetary Fund
100
The country in which the multinational company (MNC) places business activities.
What is Host Country?
100
Goods and services bought from other countries.
What is Imports?
100
The accepted behaviors, customs, and values of a society.
What is Culture?
100
Uses the same product and marketing strategy worldwide.
What is a Global Strategy?
100
The cost of using someone else's money.
What is Interest Rate?
200
A tax that a government places on certain imported products.
What is Tariff?
200
Business activities needed for creating, shipping, and selling goods and services across national borders.
What is International Business?
200
A government set limit on the quantity of a product that may be imported or exported within a given period.
What is Quota?
200
A situation in which a country specializes in the production of a good or service at which it is relatively more efficient.
What is Comparative Advantage?
200
Lowers tariffs that discourage free trade.
What is World Trade Organization?
300
The result of a country sending more money out that it brings in.
What is Negative or Unfavorable Balance of Payments?
300
An organization that does business in several countries.
What is Multinational Company (MNC)
300
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?
300
Occurs when a national receives more money in a year than it pays out.
What is Positive or Favorable Balance of Payment?
300
Created in 1944 to provide loans for rebuilding after World War II
What is The World Bank?
400
An action imposed by the government to stop the export or import? of a product completely
What is an Embargo?
400
A factor that supports international trade in industrialized countries, including a nation's transportation, communication and utility systems.
What is Infrastructure?
400
Selling the right to use some intangible property (production process, trademark, or brand name) for a fee or royalty.
What is Licensing?
400
Settles trade disputes and enforces free trade agreements between its members.
What is World Trade Organization?
400
Main function is to give economic aid to less developed countries.
What is World Bank?
500
A situation where a country ca produce a good or service at a lower cost than other countries.
What is an Absolute Advantage?
500
Treating each country market differently. Adapting to the customs, tastes and buying habits of the nations market.
What is Multinational Strategy?
500
Banks that buy and sell different currencies.
What is the Foreign Exchange Market?
500
A drawback of this type employment is that workers in the host country may depend on the _______________ for jobs.
What is the Multinational Company?
500
Maintains an orderly system of world trade and exchange rates.
What is International Monetary Fund?