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Marketing Applications - Global Business Concepts Flashcards | StudBud
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Marketing Applications - Global Business Concepts
Marketing Applications - Global Business Concepts
19 terms
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StudBud Administration
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262 plays
Business in the Global Economy #entrepreneurship #marketing applications
Flashcards
19 cards
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Questions
19
Answers
1
A type of trade barrier imposed as a tax.
domestic goods
Imported goods tax
Tariff
NAFTA
2
Difference between the amount of money coming in and going out of a country.
Balance of Payments
Exchange Rate
Balance of Trade
3
An agreement between two or more companies to share a business project is called:
licensing
a proprietorship
franchising
a joint venture
4
A business that outsources the labor of a call center to India does so because . . .
people in India are more tech savy
their accent is easy for all countries to understand
the cost of labor is less expensive
people in India are natural salespeople
5
When a country specializes in producing a good or service and is relatively more effecient
Special Advantage
Trade Advantage
Comparative Advantage
Absolute Advantage
6
Which of the following is NOT a goal of the World Trade Organization?
Encourage trade
Settle disputes
Increase tariffs
Eliminate import quotas
7
McDonalds offers different menu items in different countries.
Global Strategy
Multinational Strategy
8
Gross domestic product (GDP)
Created by Dept of Commerce to track importers of US goods
products from the NAFTA and EU trading blocs
total value of goods and services produced all year
total value of all goods produced all year
9
Advertising for the iPod is the same all over the world.
Global Strategy
Multinational Strategy
10
An agreement between US, Mexico, and Canada that makes importing/exporting more profitable.
IBEX
GDP
NAFTA
EU
11
Selling or shipping goods to another country.
Distributing
Exporting
Importing
Receiving
12
The value of currency in one country compared with the value in another.
Balance of Payments
Exchange Rate
Balance of Trade
13
When a country can produce a good or service at a lower cost than other countries.
Special Advantage
Trade Advantage
Comparative Advantage
Absolute Advantage
14
When the value of exports is greater than the value of imports.
Trade Deficit
Trade Surplus
15
Pepsi is the same no matter where in the world you buy it.
Multinational Strategy
Global Strategy
16
Buying or bringing in goods from another country.
Importing
international trade
Receiving
Exchanging
17
Restrictions on goods entering or leaving a country.
trade barrier
tariff
restruction
international rules
18
Which of the following is an example of an informal trade barrier?
tariffs
quotas
embargos
religion
19
Which of the following can affect currency exchange rates?
political stability
literacy rate
economic conditions
infrastruction
