Principles of Business, Marketing and Finance - Ch. 3

Items bought from other countries like raw materials or oil

When a country can produce a good or service at a lower cost than other countries.

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

A limit on the quantity of a product that may be imported and exported within a given period.

Infrastructure refers to a nation's

Outlawed the payments of bribes by Americans to foreign officials, companies, or individuals.

If a country exports (sells) more than it imports (buys), it has a

Which is not a factor that affects currency exchange rates among countries:

An agreement between 2 or more companies from different countries to share a business project.

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

When a government decides to stop the export or import of products completely.

___________ business is the making, buying and selling of goods and services within a country.

Which was created in 1944 to provide loans for rebuilding after WWII?

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

An organization that conducts business in several countries.

What is the currency used in Saudia Arabia?

What is the currency used in India?

Which is the currency used in Russia?

Money serves 3 functions

A _________ is a tax that a government places on certain imported products.

Which is not a factor for International Business environment?

Countries should try to keep their international trade in balance.

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

A situation in which a country specializes in the production of a good/service more efficiently

A company is planning to sell the rights to its brand name for use in other countries.