International Business MGT316

Front

Setting a limit on the quantity of a product that may be imported or exported within a given period to regulate international trade is called?

Back

Quota

Front

___________ is a tax that a government places on certain imported products

Back

Tariff

Front

These are typically found in airports & seaports and do not follow the regular trade customs and are considered duty-free.

Back

Free-trade zones

Front

__________________ reduces trade barriers and encourages trade between countries.

Back

Free-trade agreements

Front

Purchasing the right to use a company name or business process in a specific way   ex.  McDonald’s, Burger King, KFC and Pizza Hut

Back

Franchising

Front

Members do away with duties and other trade barriers - they allow companies to invest freely in each member’s country •ex.  EU (European Union)

Back

Common markets

Front

Sports teams having their logo on memorabilia is considered?

Back

Licensing

Front

A country being able to make a product or service at a lower cost than other countries is considered?

Back

Absolute advantage

Front

A situation in which a country specializes in the production of a good or service at which it is relatively more efficient?

Back

Comparative advantage

Front

Buying goods and services from another country is considered?

Back

Importing