Ch. 3 Test Review

What is a nation's transportation, communication, and utility systems?

Goods brought in from other countries are...

Which of the following is not considered one of the International Trade Organizations?

What is an area where products can be imported without taxes?

What completely eliminates the export or imports from entering the country?

What are goods that are sold to other countries?

Location, climate, terrain, and natural resources are what sector of international business?

What is global strategy?

NAFTA is an agreement between certain countries to encourage free trade? What is this called?

What does the literacy level mean?

Which of the following deals with purchasing the use of a procedure or brand name?

Which of the following is not an informal barrier of trade?

Which part of the MNC is usually in the "home country"?

What is the value of currency in one country compared with the value in another?

Which organization promotes economic cooperation between world trade and exchange rates?

A tariff is a

What is a quota?

What are restrictions to free trade?

Comparative advantage is when a country can ...

If one country can produce a product for a lesser price, that country has the ...

When a company treats every cultural market differently, what kind of strategy are they using?

What organization promotes economic cooperation between world trade and exchange rates?

Agreement between 2+ companies to share a business project

How well the country is able to provide you with G/S based on level of resources is the ...

What is an organization that does business in several countries?

When there are companies located in different countries than the parent company, they are in...

Which of the following is not a cultural influence?

What is the limit of goods imported/exported?

Which MNC entry has a low cost to invest, low rate of return, AND low risk?

Restaurant chains tend to use this to enter into business and use the parent company attributes