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Marketing I - Chapter 4 Review 2
Test Description: Chapter 4 - Review 2
Instructions: Answer all questions to get your test result.
1) A tax on imports.
A
Trade Deficit
B
Embargo
C
Tariff
D
Quota
2) Limits either the quantity or the monetary value of a product that may be imported.
A
Trade Surplus
B
Embargoes
C
Protectionism
D
Quota
3) Total ban on specific goods coming into and leaving a country.
A
Trade Alliance
B
Embargoes
C
World Trade Organization
D
Retaliation
4) Government's establishment of economic policies that systematically restrict imports in order to protect domestic industries.
A
Protectionsim
B
Licensing
C
World Trade Organization
D
European Union
5) Global coalition of nations that make the rules governing international trade.
A
European Union
B
North American Free Trade Agreement
C
World Trade Organization
D
All of the above
6) International trade agreement among the United States, Canada, and Mexico.
A
All of the above
B
European Union
C
North American Free Trade Agreement
D
World Trade Organization
7) 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
Foreign Direct Investment
B
Licensing
C
Joint Venture
D
Contract Manufacturing
8) Hiring a foreign manufacturer to make products according to a company's specifications.
A
Foreign Direct Investment
B
Multinational
C
Contract Manufacturer
D
Joint Venture
9) Business enterprise that a domestic company and a foreign company undertake together.
A
Multinationals
B
Mini-Nationals
C
Joint Venture
D
Foreign Direct Investment
10) Establishment of a business in a foreign country.
A
Licensing
B
Labor Force
C
Foreign Direct Investment
D
Trade Balance
*select an answer for all questions
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