Bellringer 02/11/2019

Refers to a corporation that owns businesses in two or more countries

• international corporation

• global business

• multinational corporation

• organization

A method of investment in which a company builds a new business or buys an existing business in a foreign company

• direct foreign investment

• tariff

• trade agreements

• trade barriers

Refers to direct tax imposed on goods

• tariff

• nontariff barriers

• protectionism

• trade agreements

US limits the number of copper plates being imported from Asia. What kind of trade barrier are they imposing?

• subsidies

• quota

• government import standard

• voluntary export restraints

A worldwide trade agreement that reduced and eliminated tariffs, limited government subsidies and established protections for intellectual property

• General Agreement on Tariffs and Trade (GATT)

• World Trade Organization (WTO)

• Maastricht Treaty of Europe

• North American Free Trade Agreement (NAFTA)

This is the process of modifying rules, guidelines, policies and procedures to adapt to differences in foreign customers, governments and regulatory agencies

• global consistency

• local adaptation

• protectionism

• global business

The process of selling domestically produced products to customers in foreign countries.

• Import

• Export

• Trade

• Taxation

An agreement in which a domestic company, the licensor, receives royalty payments for allowing another company, the licensee, to produce the licensor’s product, sell its service or use its brand name in a specified foreign market

• Strategic alliance

• Cooperative contract

• Franchise

• Licensing

New companies that are founded with an active global strategy and have sales, employees and financing in different companies

• Global new ventures

• Wholly owned affiliates

• Strategic alliance

• Cooperative contract