Foreign Trade Terms Quiz

A ___________ is a unit of exchange, facilitating the transfer of goods and services.

• Currency

• Business

• Enterprise

• Market

Almost any business or organization can be called a/an .......................

• Trade fair

• Strategy

• Enterprise

• Tax

A/An ..............…...... is a long term plan of action designed to achieve a particular goal.

• Tactic

• Action

• Cost

• Strategy

....................... is the act of making or creating things, in particular the act of making products that will be traded or sold commercially.

• Production

• Pricing

• Resource

• Marketing

................. is the voluntary exchange of goods, services, or both.

• Trade fair

• Trade

• Subsidy

• Tax

A _________ is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses

• Tax

• Money

• Subsidy

• Currency

A/An ................…...... is a social arrangement that allows buyers and sellers to discover information and carry out a voluntary exchange of goods or services.

• Trade fair

• Market

• Enterprise

• Business

In marketing, a ....……............. is anything that can be offered to a market that might satisfy a want or need.

• Currency

• Money

• Product

• Pricing

A/An .............….......... is an exhibition organized so that companies in a specific industry can showcase and demonstrate their new products and services.

• Market

• Enterprise

• European Union

• Trade fair

................…............... is the exchange of goods and services across international boundaries or territories.

• Trade fair

• Marketing

• International trade

• Advertising