Ch 3 Review

Literacy Level: countries with better ________usually provide more and better goods/services for their citizens

Which of these has a geographical effect on importing and exporting

Which of these is a quota

What is a key concern with joint ventures?

Interest rates affect currency values because:

A country that has great land for growing trees has a ______ advantage for producing lumber

A country that relies heavily on agriculture for its economy may face challenges because:

Selling the right to use your intangible property

Which of these is an informal trade barrier?

Which of these is a tarif

the amount a country owes to another country

__the same product and marketing strategy worldwide and the same product is sold in the same manner throughout the world

The value of a currency in one country compared to the value in another

A country must have Balance of Payments with ALL countries be positive for a favorable overall Balance of Payments

When a country has a favorable balance of payments, its currency typically:

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

Making, buying, and selling goods and services within country is called:

Paying a royalty to use business processes and company name

What kind of trade barrier are religion and traditions considered?

A country that specializes in the production of a good or service and is relatively more efficient has

Which of the following is true about franchising?

organization that does business in several countries; usually a parent company in a home country and divisions in hosts

Goods and services sold to other countries

A country's infrastructure includes:

A gas station has locations in Kansas, Missouri, and Texas. This business is engaging in:

What is it called when a country exports more than it imports?

The United states exports more to Canada than they import. This is a:

Which of these is an economic condition affecting exchange rate?

business activities needed for creating, shipping, and selling goods and services across national borders

What is the main advantage of a joint venture?

Which factor can influence whether a company chooses to do business in a specific country?

_____firms develop products and marketing strategies to adapt to customs, taste, and buying habits of a distinct markets

BMW and Toyota work together on a business project. This is a:

The United States brings oil from a different country into the US. This is a:

Which of these is a embargo

A country has built all of the factories and plants to efficiently produce bicycles. This country has a: