INTERNATIONAL BUSINESS

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?

• Tariff
• Embargo
• Quota
• Deal

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

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

• Licensing
• Joint venture
• Franchising
• Infrastructure

Germany sends a shipment of cars to the United States.  This is an example of what type of business? 

• Domestic
• International
• Multinational
• Franchising

Outsourcing a part of or entire production and concentrating on marketing operations in international business is known as

• Licensing

• Contract Manufacturing

• Joint venture

Which one of the following modes of entry permits greatest degree of control over overseas operations?

• Licensing/franchising

• Wholly owned subsidiary

• Contract manufacturing

• Joint venture

All of the following are benefits of international business except

• expanded business opportunities
• increased sources of raw materials
• decreased competition
• improved political relationships

Profit growth can be achieved through ________

• increase cost

• decrease cost

• add value and raise prices

• enter new markets

If nations limit trade in of clothing who will benefit?

• Domestic Consumers of clothing
• Domestic producers of clothing
• Foreign Producers of clothing 
• department stores who sell clothing