Duke energy uses water to power the area. This is the resource Duke Energy Power is using.
What is natural resource.
100
Department stores report monthly to the state commerce office its total sales of goods and services. This information would be useful for which measurement of economic activity.
What is Consumer Spending?
100
Alaska produces more salmon by the pound than any other state that exports salmon. In this example Alaska has this type of advantage.
What is Absolute
100
Three ways to encourage international trade.
What are Free-Trade Zones, Free-Trade Agreements, Common markets
200
John specializes in leasing commercial buildings to manufacturing companies. John specializes in this type of resource.
What is Captial resource?
200
When a government agency reports annually the total amount spent to pay employees, this information is useful for which measurement of economic activity.
What is Gross Domestic Product (GDP)
200
When this occurs there is a favorable balance of payments.
What is when a country receives more money into it than it pays out.
200
The four phases of the business cycle.
What are Recession Depression Recovery Prosperity
200
Examples of this market entry mode are KFC Pizza Hut McDonalds Burger King Wendy's
What is franchising?
300
Tony is deciding on a college to attend. He completed a spreadsheet to compare the pros and cons of his options. Tony is in this phase of the decision making process.
What is Evaluating the advantages and disadvantages of each choice.
300
Companies are experiencing less production and reducing the number of employees. Which phase of the business cycle does this example agree with.
What is Recession?
300
An organization assisted two countries on settling a trade disagreement on the amount of bananas to be traded. This action was provided by this international trade organization.
What is World Trade Organization (WTO)?
300
The difference between foreign and domestic business.
In a countries boundaries.
Outside its boundaries with other countries.
300
Difference between import and exports.
What is in/out.
400
This factor of the international business environment includes aspects such as: GOVERNMENT SYSTEMS, POLITICAL STABILITY, TRADE BARRIERS BUSINESS REGULATIONS.
What are Political & Legal factors
400
Mary is proud of saving over $43,000 in a bank. She knows that her saving money at the bank will provide funds for others to borrow money. This information would be useful for which measurement of economic activities.
What are investment activities.
400
Shari adjusted her gift-giving practices to accommodate her Japanese business partners. This is an example of a factor of the international business environment.
What are cultural influences.
400
These are three main international trade barriers
What are quotas, tariff, and embargo
400
The four factors of the International Business Environment
What are geographic, economic, cultural, and political and legal?
500
A manufacturing company changed its production line to include more workers and decrease production time. This company is answering this basic economic question.
What is How to produce?
500
This factor of the international business environment focuses on aspects such as: LOCATION, CLIMATE, TERRAIN, & NATURAL RESOURCES
What are geographic factors?
500
The (NAFTA) association eliminates tariffs and embargos among its members while trading goods and services. This example demonstrates this type of trade encouragement.
What is Free-Trade zone
500
Germany's advanced rail system is an example of this factor that supports international trade
What is infrastructure?
500
Three international trade organizations
What are World Trade Organization, International Monetary Fund, World Bank