Ch 3 International Business Review

When a country exports more than it imports

The value of a currency in one country compared with the value in another.

Which of the following is NOT a formal trade barrier?

Exchanges currency from one country to the currency of another country.

Which of the following IS a way governments can promote international business?

Which of the following is NOT a formal trade barrier?

An agreement between two or more companies to share a business project.

When the government stops the export or import of a product completely

The making, buying, and selling of goods and services within a country.

This strategy uses the same product and marketing strategy worldwide.

Which of the following does NOT affect currency values?

When a country can produce a good or service at a lower cost than other countries it has

Which of the following is a strategy multinational businesses use?

A tax that government places on certain imported products.

Goods and services sold to other countries.

Which of the following is NOT an informal trade barrier?

The right to use a company name or business process in a specific way.

Which of the following is NOT an element of the international business environment?

The amount a country owes to other countries.

A country in which a multinational corp. places business activities.

Difference between a country's total exports and total imports is called

Created in 1955 to promote trade, settle trade disputes & enforce trade agreements.

Refers to a nation's transportation, communication & utility systems.

Which of the following IS a way to expand business into other countries?

When a country imports more than it exports

Difference between the amount of money that comes into a country and the amount that goes out.

Items bought from another country.

A limit on the quantity of a product that may be imported or exported within a given period.

This international business strategy treats each country market differently.

An organization that does business in several countries.

The country in which a multinational company started.

Selling the right to use some intangible property for a fee or royalty

Created in 1944 after WWII to provide loans for rebuilding.

Maintains an orderly system of world trade & exchange rates.