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