Business in the Global Economy

organization that does business in several countries

Agricultural dependency reduces countries ability to provide high quality products in large #s

a nations transportation, communication, and utility systems

difference between amount of money coming in and going out in a country

making, buying, and selling of goods and services WITHIN a country

language, customs, and values of a country is what aspect of international business environment

cost of using someone else's money (cost of money)

items bought from other countries

which of these is a drawback of a multinational company

all are key effects on level of economic development of a country except

items sold to other countries

country specializes in production of good/service at which it is relatively more efficient

maintains orderly system of world trade and exchange rates

limit on quantity of a product that may be imported or exported

the amount a country owes to other countries

Exports > Imports

a MNC strategy that uses the same product and marketing strategy worldwide

value of a currency in one country compared with the value in another is called

country can produce good/service at lower cost than other countries

which economic conditions would increase the value of the USD

selling the right to use a trademark or brand name for a fee or royalty

Goals of the World Trade Organization include all of the following except

Which of these is not an informal trade barrier

completely prohibiting the import or export of a product

Milk imported to the US in great quantity

country sells more than it buys (exports > imports)

tax that government places on certain imported products

all of the following discourage international trade except

difference between a country's total exports and imports is called

this exists when a country can produce a good/service at a lower cost than other countries

Foreign Trade allows for greater number of goods/services and reduces prices

a selected area where products can be imported duty-free, then used in manufacturing

country buys more than it sells (imports > exports)

an agreement between two or more companies to share a business project

all affect currency exchange rates except