Exam 1: Introduction to International Business

Tariffs on imported products are imposed for which of the following reasons:

International licensing agreements pertain to forms of intellectual property such as:

The concept of local participation refers to:

International licensing agreements are contracts by which the holder of intellectual property grants certain rights in that property to a foreign firm for a specified period of time.

In what ways is doing business in the developing nations of Eastern Europe both similar and different from doing business in the United States? Western Europe?

Freight forwarders act as the seller's or exporter's agent.

Choose a product and a country to which you wish to export that product.Prepare an export plan,identifying in particular the factors that would need to be addressed in order to ensure a successful venture.

The two types of exporting are:

Which of the following is not a characteristic of multinational corporations:

Information to research foreign countries,markets,and trade agents is limited.

Nontariff barriers have a significant influence on how firms make their trade and investment decisions.

Freight forwarders act as the buyer's or importer's agent.

Government seizure of foreign assets is an example of international law risk.

Comparative advantage exists if the costs of production and price received for the goods allow the goods to be sold for a higher price in a foreign country than at home.

A home country refers to the country under whose laws the investing corporation was created or is incorporated.

The process of buying goods from a foreign supplier and entering them into the customs territory of a different country is:

The U.S.'s largest trading partner is Canada.

International franchising allows the franchisee the right to use a(n):

If a party does not fulfill their obligations as set forth in a sales contract,it is known as:

Indirect exporters commonly employ the services of export trading companies and export management companies.