BBB 4M Ch 2 Elements of Trade

Canada trades with other countries to

• gain access to cheaper resources, including labour & supplies

• gain access to financing

• achieve business growth & increased profits

• gain entry to new markets & expand existing markets

• all of these

Establishing Apple Stores in Canada is an example of

• Bonds

• FDI [foreign direct investment]

• FPI [foreign portfolio investment]

• Stocks

• Exporting

Buying products from another country is

• exporting

• importing

• FDI

• FPI

• global sourcing

The process of a business or government buying equipment, capital goods, raw materials, or services from around the world

• exporting

• importing

• FDI

• FPI

• global sourcing

Canadian Oil is a product that is exported and in order to get it to market, the mode of transport that has caused the most controversy is

• Trucks

• Rail

• Air

• Pipelines

• Ships

Pipelines are not easy to gain approval for because of

• stakeholder negotiations

• concerns about the environment

• international agreements are required

• impact on First Nations communities

• all of these

An agreement that grants permission to a business or individual to use a product, service, brand name, or patent in exchange for a fee or royalty.

• Exclusive Distribution rights

• Foreign subsidiary

• Franchise

• Joint Venture

• Licensing Agreement

An agreement that grants a business the right to be the only distributor of a product in a specific geographic area or country.

• Exclusive Distribution Rights

• Foreign Subsidiary

• Franchise

• Joint Venture

• Licensing Agreement

An agreement granted to an individual or group of people by a business to use the business name, services, products, and marketing.

• Exclusive Distribution Rights

• Foreign Subsidiary

• Franchise

• Joint Venture

• Licensing Agreement

A new business with shared ownership is formed by 2 or more businesses, one of the businesses is usually located in the country where the new business is established.

• Exclusive distribution rights

• foreign subsidiary

• franchise

• joint venture

• licensing agreement