Unit 3 Global Commerce

Which statements is an example of a cultural factor that can affect international business?

Products that a buyer buys from businesses in other countries are called

International trade usually reduces the product choices available to consumers.

South Africa has a large percentage of the world's diamond deposits. This is an example of

A trade barrier makes it more difficult for a company to sell its products in other countries.

Free trade among countries can be restricted by all of the following except

Which of the following is a domestic business activity?

All of the following are benefits of global business except

Culture is the accepted behaviors, customs, and values of a society.

Term for all business activity needed to create, ship, & sell goods across national borders is

Products that a seller sells in other countries are called

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

Per capita GDP is a better measure of a nation's economic development than total GDP because it

An example of global dependency is when products are produced and used in the same country.

An example of domestic business is when a person living in Canada buys a product made in China.

Products sold by companies in the United States to consumers in China are exports.

Business in France contracts to produce shirt with image of American athlete is and example of:

International business involves buying and selling of products or services between countries.

A joint venture is an agreement between two or more companies to share a business project.

Global business makes different types of jobs available for workers in foreign countries.

When consumers in the United States buy products made by China, they are buying imported goods.

Which of the following is not a method for getting involved in global business?