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International Trade
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A #Business Studies Quiz to review understanding of key terms. #G12
Flashcards
7 cards
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Questions
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Answers
1
BRIC countries are
countries that specialise in construction.
Business Reduced Internationally Challenged
Brazil, Russia, India and China
Britain, Russia, India and China
2
Product sold globally, but designed to suit a consumer in a local market.
Glocalisation
Localisation
Locsumerisation
Globalisation
3
Tariffs __________.
are a tax on imports
are an exchange of goods and services between nations
is a total ban on specific goods
are established to create free trade
4
___________ limit the quantity or monetary value of a product that can be imported.
Quotas
Tariffs
Customers
Embargoes
5
A total ban on specific goods
Embargo
Quota
Trade limit
Tariff
6
A commodity, article, or service brought in from abroad for sale is _________________.
an export
an import
a quota
a tariff
7
A commodity, article, or service brought in from abroad for sale.
Tariff
Export
Quota
Import
