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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