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5 Written questions

5 Matching questions

  1. foreign direct investment
  2. trade protectionism
  3. licensing
  4. world trade organization [WTO]
  5. ethnocentricity
  1. a the use of government regulations to limit the import of goods and services
  2. b an attitude that one's own culture is superior to all others.
  3. c the buying of permanent property and businesses in foreign nations
  4. d a global strategy in which a firm [ the licensor ] allows a foreign company to produce its product in exchange for fee [a royalty]
  5. e the international organization that replaced the General Agreement on Tariffs and Trade, and was assigned the duty to mediate trade disputes among nations

5 Multiple choice questions

  1. the total value of nations exports compared to its imports measured over a particular period
  2. the value of one nations currency relative to the currencies of other countries
  3. agreement that created a free-trade area among the united states, canada and mexico
  4. a complete ban on the import or export of a certain product or stopping all trade with a particular country
  5. a complex form of bartering in which several countries may be involved, each trading goods for goods or services for services

5 True/False questions

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

          

  2. multinational corporationan organization that manufactures and markets products in many different countries and has multinational stock ownership and multinational management

          

  3. strategic alliancea long-term partnership between two or more companies established to help each company build competitive market advantages

          

  4. dumpingselling products in a foreign country at lower prices than those charged in the producing country

          

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

          

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