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5 Written questions

5 Matching questions

  1. infrastructure
  2. quotas
  3. voluntary export restraints (VERs)
  4. balance of trade
  5. partnership
  1. a limitations on the amount of specific products that one nation will export to another nation
  2. b a formal, typically long term agreement between two or more firms to jointly pursue a specific opportunity without actually merging their businesses
  3. c a countrys physical facilities that support economic activity
  4. d a basic measure of the difference between a nations exports and imports, including both goods and services
  5. e limitations on the amount of specific products that may be imported from certain countries during a given time period

5 Multiple choice questions

  1. when firms either acquire foreign firms or develop new facilities from the ground up in foreign countries
  2. difference among countries/cultures in language, attitudes, and values
  3. overage that occurs when the total value of a nations exports is higher than the total value of its imports
  4. buying products from overseas that have already been produced, rather than contacting with overseas manufacturers to produce special orders
  5. more money flows into country than out

5 True/False questions

  1. foreign licensinga specialized type of foreign licensing in which a firm expands by offering businesses in other countries the right to produce and market its products according to specific operating requirement ( a complete package of how to do business)

          

  2. exportingproducing products domestically and selling them abroad

          

  3. foreign franchisinga specialized type of foreign licensing in which a firm expands by offering businesses in other countries the right to produce and market its products according to specific operating requirement ( a complete package of how to do business)

          

  4. strategic alliancean agreement between two or more firms to jointly pursue a specific opportunity without actually merging their businesses. typically involve less formal, less encompassing agreements than partnerships (only beneficial in countries that require local, political, and cultural knowledge as a core of doing business)

          

  5. tariffstaxes levied against imports