Principles of Business Unit 3

The_______ rate is the value of a currency in one country compared with the value in another.

A _____________ is an agreement between two or more companies to share a business project.

A trade ____________________ is a restriction to free trade.

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

Where the parent company of a MNC is usually located?

A country in which a multinational company conducts business activities is called

is a selected area where products can be imported duty-free and then stored, assembled, and man

Foreign ____________________ is the amount a country owes to other countries.

This international trade organization was created in 1944 to provide loans for rebuilding

A nation with a _________________ is said to have a favorable trade position.

The accepted behaviors, customs, and values of a society are referred to as _________________

A nation’s transportation, communication, and utility systems is referred to as its __________.

Goods and services sold to other countries are called

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

IMF stands for

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

The place where the process of exchanging one currency for another occurs.

____________ consists of using the same product and marketing strategyu worlwide

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

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

____________________ rates are the cost of using someone else’s money.

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

International business is frequently referred to as world or ____________________ trade.

A country can have an ____________________ in more than one area.