Intro to Business Chapter 3

The right to use a company name or business process in a specific way.

The key factors that affect a country's level of economic development are:

A limit that a government places on the quantity of a product that may be exported or imported:

Items bought from other countries.

When a country's exports exceed its imports, there is a trade:

Which of the following would be an example of international business:

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

International organization that settles trade disagreements and enforces free-trade agreements:

When a government completely stops the import or export of a product, it is called a(n):

A tax that a government places on certain imported products is called a(n):

Religion is an element of the _________ component of the international business environment.

If a nation imports more than it exports, it has a trade _____________.

Good and services sold to other countries are called:

Infrastructure is a significant factor that affects the economic development of a country.

Selling the right to use some intangible property for a fee or royalty is called:

Country specializes in the production of a good or service at which it is more efficient.

The making, buying, and selling of goods and services within a country is called:

Has to do with the location, climate, terrain, and natural resources of a country.

Restrictions to trade including tariffs, quotas, and embargoes.

Which of the following is NOT a cultural/social factor that affects international business?

Which of the following scenarios is likely to cause the value of a country's currency to rise?

Difference between the amount of money that comes into a country and the amount that goes out:

The _____________ rate is the value of a currency in one country compared to another country.

Organization that does business in several different countries.

Which of the following countries has an absolute advantage in coffee production?