Bus-3 Market-4

Establishment of a business in a foreign country

Creating specially designed products or promotions for a certain region is

Physical development of a country including roads, ports, sanitation facilities, and utilities.

Changing some part of the promotional message is called

International trade is

Selling the same product and using the same promotion methods in all countries is

Which is a socio-cultural factor?

Involves letting another company use a trademark or patent

Who is a franchisee?

What is a political factor that could discourage a business from trade in an area?

Hiring a foreign manufacturer to make your products

Occurs when a country has natural resources that allow it to produce an item at the lowest cost

Which is NOT a political factor

Positive balance of trade

Exchange between nations without restrictions

What is a franchise?

Another name for a tariff

A political factor that would discourage a business from engaging in international trade

An import ___ limits quantity or value of products that may be imported

Business enterprise that companies set up together

Difference between exports and imports

Parent company is called

Midsize or smaller company that has operations in multiple countries

The general agreement on Tariffs and Trade is an agreement that

Governments policies that restrict imports in order to shield domestic industries.