Unit 3-International Business

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

• Licensing
• Joint venture
• Franchising
• Infrastructure

The value of one currency in terms of another.

• Exchange Rate

• Term Currency

• Currency Term

What is a tariff?

• A tax that a government places on certain imported products

• A limit on the quantity of a product that may be imported or exported within a given time period

• A complete stoppage of trade with a country

• A restriction to free trade

Selling goods and services to another country is considered?

• Exporting
• Importing

Which factor does NOT affect international business?

• Geography

• Economics

• Culture

• Sports

What is the largest franchise in the world?

• KFC
• Subway
• Wendy's
• McDonald's

Buying goods and services from another country is considered?

• Exporting
• Importing

Sony partnering up with The Shanghai Oriental Pearl Group to help increase sales of Playstation consoles is an example of a 

• Franchise
• Joint Venture
• Multinational Company
• License 

When preparing for an international business meeting, what should be your number one priority? 

• Researching Culture & Customs
• Researching Properties
• Weather
• Food

Before goods enters a country they must meet a certain criteria. This is known as____________________

• Subsidy

• safe goods

• Standards

• non negotiable