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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?
Absolute
Geography
Cultural influences
favorable when a country receives more money into it than it pays out.
Comparative
They measure trade relations between countries.
World Trade Organization
exports more than it imports.
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?
Absolute
Geography
Cultural influences
favorable when a country receives more money into it than it pays out.
Comparative
They measure trade relations between countries.
World Trade Organization
exports more than it imports.
China has become globally known for its production at a lower cost in the textile industry. It is relied upon by many other countries for textiles. This is an example of what type of ADVANTAGE?
Absolute
Geography
Cultural influences
favorable when a country receives more money into it than it pays out.
Comparative
They measure trade relations between countries.
World Trade Organization
exports more than it imports.
Italy is able to provide various natural resources from the Mediterranean due to its oceanfront. Which main factor of the international business environment is this information about Italy classified?
Absolute
Geography
Cultural influences
favorable when a country receives more money into it than it pays out.
Comparative
They measure trade relations between countries.
World Trade Organization
exports more than it imports.
If a country on the average exports goods valued at 27.5 billion and imports other goods valued at 23.1 billion, this country has a favorable balance of trade because it:
Absolute
Geography
Cultural influences
favorable when a country receives more money into it than it pays out.
Comparative
They measure trade relations between countries.
World Trade Organization
exports more than it imports.
Which statement is true about balance of payment?
Absolute
Geography
Cultural influences
favorable when a country receives more money into it than it pays out.
Comparative
They measure trade relations between countries.
World Trade Organization
exports more than it imports.
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?
Absolute
Geography
Cultural influences
favorable when a country receives more money into it than it pays out.
Comparative
They measure trade relations between countries.
World Trade Organization
exports more than it imports.
How are balance of trade and balance of payments alike?
Absolute
Geography
Cultural influences
favorable when a country receives more money into it than it pays out.
Comparative
They measure trade relations between countries.
World Trade Organization
exports more than it imports.
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