The accepted behaviors, customs, and values of a society are known as its ____.

Countries with few natural resources must depend on ____.

A(n) ____ is a limit on the quantity of a product that may be imported or exported within a given period.

____ are restrictions to free trade.

A nation's transportation, communication, and utility systems is known as ____.

Tariffs ___ the price for imported products.

A(n) ____ is a tax that a government places on certain imported products.

A ___ is a selected area where products can be imported duty-free and then stored, assembled, and/or used in manufacturing.

A country with more developed infrastructure is _____ equipped for international business than a country with less developed infrastructure.

In a(n) ____, member countries form a pact in which they agree to remove duties, also called import taxes, and trade barriers on products traded among them.

A country that wishes to expand international trade activities would most likely use _____.

A(n) _____ is an official ban on trade or other commercial activity with a particular country.

____ refers to shielding or defending a country's own domestic industries by restricting imported goods from other countries.

The key factors that affect a country's level of economic development are: (select 3)

The most common political and legal factors that affect international business activities include: (select 3)

A country that has a good education system is usually able to provide higher quality goods and services to its citizens.

Trying to best plan how limited economic resources will satisfy unlimited wants and needs is known as _____.

Tariffs tend to ____ imported products.

Countries often use formal trade barriers as a means of expressing displeasure with a foreign country's policies or actions.

The ___ was created to provide loans for rebuilding after WWII.

Subway enters into an agreement with a foreign company, which allows that company to use Subway's name and business processes. This is an example of a ___.

A ____ is a payment, usually a percentage of sales, for the right to use a process or company name.

The ___ is the international organization that settles trade disagreements and enforces free trade agreements.

Ford and Toyota began working together in 2011 to build hybrid trucks. This is an example of a ___.

Companies use the _____ strategy when their products and marketing strategy are the same across different countries.

In a multinational company, its headquarters, or parent company, is located in a ____ country.

A ____ strategy is used when companies change their products and marketing strategies in order to adapt to the different countries.

A ____ is an organization that does business in several different countries.

Today, because the IMF maintains an orderly system of exchange rates, nations are less likely to engage in trade wars.

A company that sells the right to use some intangible property, such as its brand name, is using a ____.

A ____ is an agreement between multiple businesses to share a business project.

The ___ helps to promote economic cooperation and also maintains an orderly system of world trade and exchange rates.

Countries use a ____ strategy when they don't change their product or marketing strategies across different countries.

The main function of the ___ is to provide much needed aid to under-developed countries.

A clothing company buys the right from Disney to feature Mickey Mouse on its shirts. This is an example of a ___.

KFC changes the spiciness of their recipes, depending on the taste preferences in each foreign country. This is an example of a ___ strategy.

The different countries in which the MNC conducts business activities are called home countries.