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Global Opportunities
Global Opportunities
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Test prep for Chapter 4 in Entrepreneurship
Flashcards
17 cards
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Practice quiz
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Host live
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Questions
17
Answers
1
Products that other countries are looking to purchase
"Best Prospect List"
Imports
Electronics
Consumables
2
Taxes imposed by a government on imported or exported goods
sanctions
trade fees
tariffs
embargoes
3
Top exporting country of US goods
Canada
Japan
China
Mexico
4
Selling & shipping goods to another country
Merchandising
Tariff
Embargo
Exporting
5
Japan is considered a/an _________ society for marketers
ENTREPRENEURIAL
UNIQUE
OPEN
CLOSED
6
Agency that serves as a distributor in a foreign country
management company
export manager
trade mission
trade intermediary
7
Buying or bringing in goods from another country to sell
Importing
Purchasing
Free trade
Regional opportunity
8
Top importer to U.S.
South America
China
Europe
Africa
9
The US gov't provides this service to producers of 'Best Prospects'
TRADE MISSIONS
LOWER TARIFFS
MARKETING
BUSINESS MANAGEMENT
10
Latin American's tend to make buying decisions based on their ______ needs, not individuals
cultural
business
religious
family's
11
Marketers need to segment (identify) markets by _____ rather than national boundaries
price
product lines
quality
cultural similarities
12
If you export goods, you need to find a country where people have enough
merchandise
disposable income
markets
quality time
13
NAFTA is a trade agreement between the U.S. , Mexico, and
Japan
Brazil
China
Canada
14
Europe's trading bloc
NAFTA
North Atlantic Treaty Organization
World Trade Organization
European Union
15
A restriction on goods entering or leaving a country
embargo
trade agreement
trade barrier
export fee
16
The interconnected economies of the nations of the world
global economy
worldwide economy
global society
international marketplace
17
You can learn what kinds of products are traded in specific countries using
trade missions
chambers of commerce
International Business Exchange (IBEX)
Standard Industrial Trade Classification (SITC) codes
