Show:
International Business
Global Environment
Market Strategies
Trade Barriers
Trade Agreements
100
What are goods and services purchased from other countries?
Imports
100
What involves government stability and other political issues in a county?
Political Factors
100

Two companies from different countries create a new business together and share ownership.

joint venture

100
What are taxes on imported goods?
Tariffs
100
A coalition of nations that makes rules governing international trade
World Trade (WTO)
200
What are goods and services sold to other countries?
Exports
200
What would be something to describe rules for trading in a country
Trade Regulations & Laws
200
What involves changing the product a little bit for an area?
Adaptation
200
What is the amount of product you can import in at a time?
Quotas
200
What is an international trade agreement among the United States, Canada, and Mexico
North American Trade (NAFTA)
300
What involves letting another company use a trademark, patent, special formula, company name, or some other intellectual property for a fee or royalty?
Licensing
300
What factors include roads, bridges, ports and labor?
Economic Factors
300
What involves creating a new product for a certain location?
Customization
300
What is it when you are not allowed to take in any imports from a certain product? (Ex. Cuba and USA)
Embargo
300
Europe's trading bloc
European Trade (Eu)
400
What involves hiring a foreign manufacturer to make your products according to your specifications?
Contract Manufacturing
400
What involves holidays, religions, and how they live in their community?
Socio-Cultural Factors
400
Selling Coca-Cola worldwide
Globalization
400
Tax on a Rolls Royce when coming into a new country
Tariff
400

Canada trades exports Maple syrup to the USA

USMCA(NAFTA)

500

Country A can produce both wheat and phones more efficiently than Country B. Can trade still benefit both countries? Why?

Yes — because comparative advantage depends on opportunity cost, not absolute advantage.

500
What involves measurement systems, voltage systems, etc.?
Technological Factors
500

Starbucks opens in another country but changes drinks, store design, and pricing for local consumers. Name the international business idea being used.

Localization/adaptation

500

A country that can produce something at a lower opportunity cost has this type of advantage.

comparative advantage

500

Costa Rica exports Banana to the Dominican Republic 

CAFTA-DR