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Marketing Applications - Global Business Concepts Flashcards | StudBud
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Marketing Applications - Global Business Concepts
Marketing Applications - Global Business Concepts
19 terms
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StudBud Administration
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262 plays
Business in the Global Economy #entrepreneurship #marketing applications
Flashcards
19 cards
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Questions
19
Answers
1
When a country can produce a good or service at a lower cost than other countries.
Absolute Advantage
Special Advantage
Comparative Advantage
Trade Advantage
2
When the value of exports is greater than the value of imports.
Trade Deficit
Trade Surplus
3
A business that outsources the labor of a call center to India does so because . . .
people in India are more tech savy
the cost of labor is less expensive
their accent is easy for all countries to understand
people in India are natural salespeople
4
Gross domestic product (GDP)
Created by Dept of Commerce to track importers of US goods
products from the NAFTA and EU trading blocs
total value of goods and services produced all year
total value of all goods produced all year
5
When a country specializes in producing a good or service and is relatively more effecient
Absolute Advantage
Comparative Advantage
Special Advantage
Trade Advantage
6
McDonalds offers different menu items in different countries.
Global Strategy
Multinational Strategy
7
An agreement between US, Mexico, and Canada that makes importing/exporting more profitable.
NAFTA
GDP
IBEX
EU
8
Which of the following is an example of an informal trade barrier?
quotas
tariffs
embargos
religion
9
Pepsi is the same no matter where in the world you buy it.
Multinational Strategy
Global Strategy
10
Advertising for the iPod is the same all over the world.
Global Strategy
Multinational Strategy
11
Restrictions on goods entering or leaving a country.
restruction
trade barrier
international rules
tariff
12
The value of currency in one country compared with the value in another.
Balance of Trade
Balance of Payments
Exchange Rate
13
An agreement between two or more companies to share a business project is called:
licensing
franchising
a proprietorship
a joint venture
14
Buying or bringing in goods from another country.
Exchanging
Importing
international trade
Receiving
15
Selling or shipping goods to another country.
Distributing
Exporting
Receiving
Importing
16
Which of the following is NOT a goal of the World Trade Organization?
Settle disputes
Increase tariffs
Encourage trade
Eliminate import quotas
17
Which of the following can affect currency exchange rates?
political stability
economic conditions
infrastruction
literacy rate
18
Difference between the amount of money coming in and going out of a country.
Balance of Payments
Exchange Rate
Balance of Trade
19
A type of trade barrier imposed as a tax.
Tariff
domestic goods
NAFTA
Imported goods tax
