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BUSA 1105: Quiz 1: Ch 1-3- Test Questions and Answers
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BUSA 1105: Quiz 1: Ch 1-3- Test Questions and Answers
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BUSA 1105: Quiz 1: Ch 1-3- Test Questions andAnswers
contract manufacturing Correct Ans-a foreign company's production of private-label goods to
which a domestic company then attaches its brand name or trademark; part of the broad
category of outsourcing
joint ventures Correct Ans-A partnership in which two or more companies (often from
different countries) join to undertake a major project
strategic alliance Correct Ans-a long-term partnership between two or more companies
established to help each company build competitive market advantages
Foreign Direct Investment (FDI) Correct Ans-the buying of permanent property and
businesses in foreign nations
foreign subsidiary Correct Ans-a company owned in a foreign country by another company,
called the parent company
multinational corporations Correct Ans-an organization that manufactures and markets
products in many different countries and has multinational stock ownership and multinational
management
, sovereign wealth funds Correct Ans-investment funds controlled by governments holding
large stakes in foreign companies
forces affecting trading Correct Ans-sociocultural, economic and financial, legal and
regulatory, physical and environmental
trade protectionism Correct Ans-the use of government regulations to limit the import of
good and services
tariffs Correct Ans-taxes on imports
protective tariffs Correct Ans-raises prices of goods to make homegrown goods more
competitive
revenue tariffs Correct Ans-taxes designed to raise funds for the importing government
import quota Correct Ans-a limit on the number of products in certain categories that a
nation can import
embargo Correct Ans-a complete ban on the import of export of a certain product or
stopping of all trade with a particular country
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