Market Research Topic 3.3.2

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?

• Tariff

• Embargo

• Quota

• Deal

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

• Deal

• Embargo

• Tariff

• Tax

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

• Free-trade zones

• Free-trade agreements

• non-tariff alliances

• Common markets

Stopping the export and import of a product is known as?

• Tariff

• Quota

• Deal

• Embargo

1)The impact of inflation is which type of PESTEL factor?

• E

• T

• S

• P

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

• Infrastructure

• Franchising

• Joint Venture

• Licensing

__________________ reduces trade barriers and encourages trade between countries.

• Free-trade zones

• Free-trade agreements

• non-tariff alliances

• Common markets

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

• Common Markets

• Free-trade zones

• non-tariff alliances

• Free-trade agreements

Sports teams having their logo on memorabilia is considered?

• Licensing

• Joint venture

• Franchising

• Infrastructure

An agreement between two or more companies to share a business project - this business is on a limited basis for control

• Licensing

• Infrastructure

• Franchising

• Joint venture