Flashcards › POB 1.03 FLASHCARDS

Aruba has become globally known for its white sandy beaches. It is relied upon by many travelers from other countries to enjoy its beaches for a reasonable cost. This is an example of what type of ADVANTAGE? Absolute An organization assisted two countries on settling a trade disagreement on the amount of bananas to be traded. This action is an example of assistance provided by which international trade organization? World Trade Organization An organization assisted two countries on settling a trade disagreement on tariffs. This action is an example of assistance provided by which international trade organization? World Trade Organization A convenience store gave the rights to a company in Mexico to sell its products and services. This is an example of which global marketplace main entry mode? Franchising Kenya's Prime Minister is negotiating with other Ministers to sell products and services throughout the Eastern region. This is an example of which encouragement of international trade? Common markets The North American Free Trade Association (NAFTA) eliminates tariffs and embargoes among its members while trading goods and services. This is an example of which encouragement of international trade? Free-trade agreement Due to the high volume of travelers visiting the United Kingdom, the country has set up duty-free shops in highly visited areas. This is an example of which encouragement of international trade? Free-trade zone Syria is banned from selling products within other countries. This is an example of which international trade barrier? Embargoes Cuba bans American products to be sold within its country. This is an example of which international trade barrier? Embargoes India limits the amount of imported wheat products to protect its own industry. This is an example of which international trade barrier? Quotas While conducting business in Japan, Shari adjusted her gift-giving practices to accommodate her Japanese business partners. Which main factor of the international business environment did Shari consider? Cultural influences Before arriving at meetings in other countries to negotiate contracts for company located in the United States, Stacy learns about appropriate business behavior of the other countries. Which main factor of the international business environment is this information she learns classified? Cultural influences Laos has limited infrastructure that will hinder international business to conduct transaction in it. This country depends heavily on the agricultural industry. Which main factor of the international business environment is this information about this country classified? Economic development The government of the United States allows consumers to make decisions about goods and services consumed. Which main factor of the international business environment is this information about this country classified? Political and legal concerns India's terrain allows for its major production of rice, cotton, and wheat. Which main factor of the international business environment is this information about India classified? Geography If China has rising interest rates and inflation occuring across the country, this is an example of which factor that influences international currency exchange? Economic conditions If a country is in a civil war and its government changes abruptly, this is an example of which factor that influences international currency exchange? Political stability Which statement is true about balance of payment? Balance of payments is favorable when a country receives more money into it than it pays out. Alaska produces more salmon by the pound than any other state that exports salmon. This is an example of what type of ADVANTAGE? Comparative United States has become globally known for its production of wheat more resourcefully. It can produce the product with less human resources. This is an example of what type of ADVANTAGE? Comparative POB 1.03 FLASHCARDS