Basic Definitions
The selling of products to another country
What is exporting?
Trading in newly issued securities takes place in the:
What is the primary market?
Granting a foreign company the right to manufacture your product or to use your firm's trademark in return for a fee is called:
What is licensing?
A(n) __________ refers to a complete ban on importing or exporting of products from a specific country.
What is an embargo?
Largest exporter in the world
Who is China?
__________ is the practice of selling a product in foreign countries for a lower price than the good is sold in the producing country.
What is dumping?
The trading of previously issued securities from one investor to another takes place in the:
_________ is an arrangement whereby someone with a good idea for a business sells the rights to use the business name and sell the parent company's product or service to others in a given territory in a specified manner.
What is franchising?
In an effort to protect domestic jobs, some countries will place a limit on the number of certain types of products that can be imported. These limits are called:
What are import quotas?
Top two global trading partners
__________ occurs when a country has a monopoly on producing a product or is able to produce it at a cost well below that of all other countries.
What is absolute advantage?
The following federal government agencies has responsibility for regulating the various stock exchanges in the U.S.
When a company's strategy is __________, the firm makes arrangements for a foreign manufacturer to produce the product. The domestic company's label and/or trademark are attached to the completed product.
What is contract manufacturing?
Some governments initiate restrictive standards that detail exactly how a product must be sold in a country. Trade experts call these restrictions ________________.
What are non tariff barriers?
The largest importer in the global market
Who is the US?
A nation has a ___________ in the production of a good or service if it can produce that good or service more effectively or efficiently than it can produce other goods.
What is comparative advantage?
Using information not available to the public to unfairly benefit in the stock market represents:
What is insider trading?
A __________ is a partnership in which two or more companies (often from different countries) join together and share the risk and costs in order to undertake a major project.
What is joint venture?
The __________ represents the first attempt to establish a truly global mediation center to resolve international trade disputes.
What is the WTO?
The continent that is home to the largest percentage of the world's population
What is Asia?
The _____________ is the total value of a nation's exports compared to its imports measured over a specific period of time.
The corporate certificate issued to an investor that has loaned money to the corporation or government is called a:
What is a bond?
A __________ represents a long-term partnership between two or more companies established to help each firm build competitive market advantages, without sharing the cost of risk.
What is strategic alliance?
What is the GATT?
What is the Euro?