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5 Written questions

5 Matching questions

  1. general agreement on tariffs and trade [GATT]
  2. importing
  3. strategic alliance
  4. contract manufacturing
  5. expropriation
  1. a a long-term partnership between two or more companies established to help each company build competitive market advantages
  2. b should relations with a host country faulter; the firms assets could be taken by the foreign government in which its invested
  3. c a foreign country's production of private-label goods to which a domestic company the attaches its brand name or trademark
  4. d a 1948 agreement that established an international forum for negotiating mutual reductions in trade restrictions
  5. e buying products from another country

5 Multiple choice questions

  1. a partnership in which two or more companies [ often from different countries ] join to undertake a major project
  2. an unfavorable balance of trade; occurs when the value of a country's imports exceeds that of exports
  3. a regional group of countries that have a common external tariff, no internal tariffs, and a coordination of laws to facilitate exchange; also called a trading bloc. ex. is the european union
  4. selling products in a foreign country at lower prices than those charged in the producing country
  5. an attitude that one's own culture is superior to all others.

5 True/False questions

  1. foreign subsidiarythe movements of goods and services among nations without political or economic barriers


  2. foreign direct investmentthe buying of permanent property and businesses in foreign nations


  3. import quotaa limit on the number of products in certain categories that a nation can import


  4. trade protectionisman unfavorable balance of trade; occurs when the value of a country's imports exceeds that of exports


  5. balance of paymentthe difference between money coming into a country from exports and money leaving the country from imports, plus money flows from other factors such as tourism, foreign aid, military expenditures, and foreign investment


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