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