PBMF Ch. 3 Global Business

Licensing is a low financial investment, so the potential financial return is often ___.

The cost of using someone else's money is called interest rate.

In a multinational strategy each country market is treated

If a country specializes in the production of a good or service at which it is more efficient it is said to have a(n)

Religion is an element of the ____ component of the international business environment.

Which is not an example of an informal trade barrier?

Infrastructure refers to a country’s

If a country exports more than it imports it has a trade

Which of the following is not a factor that affects currency values?

Ford and Mazda are an examples of

A country that wishes to enhance international trade activities would most likely use

A free trade zone is often located in an airport.

Completely prohibiting the import or export of a product is known as

A company is planning to sell the rights to its brand name for use in other countries. This is an example of a

One drawback of an MNC is that consumers do not become dependent upon it for goods and services.

Countries with better ____ systems usually provide more and better goods and services for their citizens.

Money serves ___ functions in every economy.

A global strategy uses a different product and marketing strategy worldwide.

Both licensing and franchising involve a royalty payment for the right to use a process or company name.