Exam 3: Business in a Borderless World

_____ is the transferring of manufacturing or other tasks-such as data processing-to countries where labor and supplies are less expensive.

Spalding hires an Asian company to produce a specified volume of sports equipment that still carries Spalding's name.This is an example of _____.

DMC Inc.,headquartered in California,USA,was looking for a cost-effective company that could perform its tax services.It has completely transferred its tax services to Apex Corp.in India because the there are many well-educated workers and lower labor costs.This process is known as _____.

The purchase of overseas production and marketing facilities is an example of _____.

A nation's _____ can be best defined as the difference in value between its exports and imports.

Many countries do not allow children to be used in advertising.This is an example of a(n)_____ barrier.

Highlanders Co.,based in Chicago,USA,is a manufacturer of sports equipment.Highlanders Co.relocates its data processing service to a company based in Mexico,while retaining control over the process.This process is known as _____.

A sudden change in power can result in a regime that is hostile to foreign investment.This is a primary example of a(n)_____.

When a firm's products are standardized in all countries,_____.

If the Coca-Cola Company allows a Mexican firm to use its name,formula,and brands in return for a royalty,then this arrangement would be known as:

With respect to multinational strategies,companies are beginning to move away from the _____ strategy.

A(n)_____ exists when a country is the most efficient producer of an item.

A consistent increase in a country's imports has a favorable impact on its production and employment.

The Association of Southeast Asian Nations (ASEAN)effectively united Singapore,Britain,and Japan into one market.

Which of the following is a measure that does not yield revenue for the government of the United States,but can effectively limit the quantity of a particular good being imported from Japan?

Apple Inc.,an American company,hires Taiwan's Foxconn Technology Group to produce its products,whose subsidiary assembles Apple devices in factories in China.Which of the following refers to the business arrangement between Apple and Foxconn?

Which of the following were merged into one market by the North American Free Trade Agreement (NAFTA)?

Offshoring is different from outsourcing because:

Which of the following is an example of foreign direct investment?

_____ can be best defined as the act of a country or business selling products at less than what it costs to produce them.