Marketing I - Chapter 4 Review 2: Question Preview (ID: 7479)


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A tax on imports.
a) Tariff b) Embargo c) Quota d) Trade Deficit
Limits either the quantity or the monetary value of a product that may be imported.
a) Protectionism b) Quota c) Trade Surplus d) Embargoes
Total ban on specific goods coming into and leaving a country.
a) Trade Alliance b) World Trade Organization c) Embargoes d) Retaliation
Government's establishment of economic policies that systematically restrict imports in order to protect domestic industries.
a) Protectionsim b) World Trade Organization c) European Union d) Licensing
Global coalition of nations that make the rules governing international trade.
a) European Union b) World Trade Organization c) North American Free Trade Agreement d) All of the above
International trade agreement among the United States, Canada, and Mexico.
a) European Union b) World Trade Organization c) North American Free Trade Agreement d) All of the above
Involves letting another company, or licensee, use a trademark, patent, special formula, company name, or some other intellectual property for a fee or royalty.
a) Licensing b) Joint Venture c) Foreign Direct Investment d) Contract Manufacturing
Hiring a foreign manufacturer to make products according to a company's specifications.
a) Joint Venture b) Multinational c) Foreign Direct Investment d) Contract Manufacturer
Business enterprise that a domestic company and a foreign company undertake together.
a) Foreign Direct Investment b) Joint Venture c) Mini-Nationals d) Multinationals
Establishment of a business in a foreign country.
a) Labor Force b) Licensing c) Trade Balance d) Foreign Direct Investment
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