POB 3.3 Review

The ___ was created to provide loans for rebuilding after WWII.

• World Bank

• IMF

• WTO

• United Nations

Subway enters into an agreement with a foreign company, which allows that company to use Subway's name and business processes. This is an example of a ___.

• Franchise

• LIcense

• Joint Venture

• Partnership

A ____ is a payment, usually a percentage of sales, for the right to use a process or company name.

• tariff

• royalty

• quota

• embargo

The ___ is the international organization that settles trade disagreements and enforces free trade agreements.

• United Nations

• IMF

• World Bank

• WTO

Ford and Toyota began working together in 2011 to build hybrid trucks. This is an example of a ___.

• Franchise

• LIcense

• Joint Venture

• Sole Proprietorship

Companies use the _____ strategy when their products and marketing strategy are the same across different countries.

• multinational

• worldwide

• global

• international

In a multinational company, its headquarters, or parent company, is located in a ____ country.

• home

• host

• main

• foreign

A ____ strategy is used when companies change their products and marketing strategies in order to adapt to the different countries.

• global

• worldwide

• multinational

• international

A ____ is an organization that does business in several different countries.

• domestic business

• free trade zone

• foreign business

• multinational company

Today, because the IMF maintains an orderly system of exchange rates, nations are less likely to engage in trade wars.

• True

• False