Exam 3: Business in a Global Environment

Alliances range in scope from informal cooperative agreements to _____.

In many countries, American firms may be at a disadvantage in communicating with the general public because only ____ speak English.

The country of East Anglia exports domestically made products and imports products that aren't available locally. When exports are compared to imports, the resulting _____, which shows that more dollar value is exported than imported, reveals a(n) _____.

SCENARIO-BASED Cajun Chicken, a growing franchise chain based in Lafayette, Louisiana, has expanded to 185 locations in the United States. Because they realize that domestic growth is limited, the owners are contemplating expansion to selected foreign countries. Thus far, research has shown that the rights to use many of the firm’s recipes can be sold to other restaurants, cafeterias, and food stores. Cajun can also sell prepackaged food products, complete with spices, to other markets. At this point, whether to start by opening company-owned outlets or selling franchises is still a toss up. In any case, the long-term picture looks good. -In selling prepackaged food products and spices to foreign outlets, Cajun would be engaged in _____.

In many countries, American firms may be at a disadvantage in competing with local companies because only the educated classes speak English.

When communicating with other countries, you should regard cultural _____ as inappropriate and treat businesspeople as _____.

Unless a country's absolute advantage is based on some limited natural resource, it seldom lasts.

The two most important institutions that monitor international trade policies are _____.

Identify the various agreements and organizations that help to reduce international trade barriers.

If you were in charge of a developing country, where would you go for financial assistance

What purposes can a strategic alliance serve

The largest factor in a country's balance of payments is its _____.

Japan's production and exporting expertise lies in the areas of electronics and automobiles.

Explain a nation's balance of payments.

The major purposes of the General Agreement on Tariffs and Trade (GATT) include encouraging free trade, regulating and reducing tariffs, and providing a forum for resolving trade disputes.

When it comes to the tendency of governments to control trade, we can safely say that _____.

A reliable banking system, a strong stock market, and a government that discourages corruption while encouraging investment and competition are all conducive to economic growth.

The euro, the common currency of the European Union, facilitates trade and finance by _____.

_____ do not belong to the European Union.

Usually driven by the size and attractiveness of the foreign market, _____ is generally the most expensive commitment that a company can make in an overseas market.