Ch 5 Global Business

Fee a business pays to use another company's trademark or sell their products is called a royalty.

Which of the following is NOT a type of Trade Barrier?

When communicating with an ESL individual , it is not advised to _____. 

Which of the following is not a business option to enter a foreign market?

Which of the following has made off shore business easier than before?

An absolute advantage exists when a country can produce goods more efficiently than _____.

In January 2020 President Trump replaced the outdated NAFTA with the

A governmental tax on imported goods.

Person/ company buying rights to sell another company's goods or services in a specific area is a(n) _____.

Intercultural communications is a factor to consider before adding off shore business.

When a country exports more than it imports

Which is not a reason for a country to impose trade restrictions of imports?

Business activity involved in making, buying, & selling product within a nation’s borders is ___.

The goods and services produced within a country’s borders and sold in another country are ____.

NAFTA was a trade agreement between the US and

____ is when a business sells the right to manufacture its products or use its trademark.

The ____ is the difference between a nation’s exports and its imports.

Body language is universal; it is the same for all countries.

Balance of trade is _____.

Which is not a benefit of exporting?

Floating currency means that _____.

When a country imports more than it exports

A partnership of 2 or more companies working together for a specific business purpose is called a ____.

An embargo that affects only certain goods.

Products brought into a country from outside its borders

The shared beliefs, customs, practices, and social behavior of a particular group or nation is the ____.

The cost to covert one currency into another is called the foreign exchange rate.

All business activity involved in making, buying and selling products within a nations borders

Political stability or instability in the world can influence currency value.

A handshake is universally accepted as an excellent form of greeting someone.

Which is NOT an example of a currency used in the world?

A(n) ____ a group of countries that have reduced or eliminated trade barriers among themselves.

The shared beliefs, customs, practices and social behavior of a group or nation is referred to as:

Products produced in a country and sold in another country