International Business Voc

What is a tariff?

• The policy of allowing the trade of goods and services without restrictions

• The network of entities involved in the production and distribution of goods and services

• The communication between people from different cultures

• A tax imposed on imported goods and services

What is a Joint Venture?

• An agreement in which two or more parties agree to combine their resources and expertise to achieve a specific goal

• A tax imposed on imported goods and services

• An investment made by a company in one country in business interests located in another country

• A company that operates in multiple countries

What is Cultural Sensitivity?

• The awareness and understanding of cultural differences, norms, and values when conducting business internationally

• The planning and coordination of activities involved in obtaining, acquiring, producing, and distributing across international borders

• The division of a market into distinct groups of buyers with different needs, characteristics, or behaviors

• The policy of allowing the trade of goods and services without tariffs or other restrictions

What is a Trade Treaty?

• A network of entities involved in the production and distribution of goods and services

• An investment made by a company in one country in commercial interests located in another country

• A pact between two or more nations to facilitate and regulate trade and commerce

• Communication between people from different cultures

What is Globalization?

• The awareness and understanding of cultural differences, norms, and values when conducting business internationally

• The policy of allowing the trade of goods and services without tariffs or other restrictions

• The process of increasing interconnectedness and interdependence between countries, economies, and societies

• The network of entities involved in the production and distribution of goods and services

What is a Foreign Exchange Market?

• The awareness and understanding of cultural differences, norms, and values when conducting business internationally

• The policy of allowing the trade of goods and services without tariffs or other restrictions

• The exchange of one currency for another, necessary for international trade

• The network of entities involved in the production and distribution of goods and services

What is a Trade Agreement?

• An investment made by a company in one country in business interests located in another country

• A network of entities involved in the production and distribution of goods and services

• The communication between people from different cultures

• A pact between two or more nations to facilitate and regulate trade and commerce

What is a Multinational Corporation (MNC)?

• A company that operates in multiple countries and has production or service facilities outside its country of origin

• An tax imposed on imported goods and services

• An investment made by a company in one country in business interests located in another country

• A commercial agreement in which two or more parties agree to pool their resources and expertise to achieve a specific goal

What is an International Market Entry Mode?

• A strategy or method through which companies enter foreign markets, such as exporting, licensing, franchising, joint ventures, and foreign direct investment (FDI)

• A network of entities involved in the production and distribution of goods and services

• Communication between people from different cultures

• An investment made by a company in one country in commercial interests located in another country

What is Global Supply Chain Management?

• The network of entities involved in the production and distribution of goods and services

• The division of a market into distinct groups of buyers with different needs, characteristics, or behaviors

• The planning and coordination of activities involved in sourcing, procurement, production, and distribution across international borders

• The awareness and understanding of cultural differences, norms, and values when conducting business internationally