International Business

Front

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?

Back

Quota

Front

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

Back

Tariff

Front

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

Back

Embargo

Front

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

Back

Free-trade zones

Front

__________________ reduces trade barriers and encourages trade between countries.

Back

Free-trade agreements

Front

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

Back

Common markets

Front

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

Back

Franchising

Front

Sports teams having their logo on memorabilia is considered?

Back

Licensing

Front

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

Back

Joint venture

Front

A country being able to make a product or service at a lower cost than other countries is considered?

Back

Absolute advantage