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BBB4M - Chapter 2 - Trade in the Modern World Exam Questions with Complete Answers
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BBB4M - Chapter 2 - Trade in the Modern World Exam Questions with Complete Answers
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BBB4M - Chapter 2 - Trade in the ModernWorld Exam Questions with Complete
Answers
Reasons Canada Trades - Answer-(CELIA FC)
- Company growth
- Entry intro new markets
- Lower labour costs
- Access to inexpensive supplies
- Financing Accessibility
- Customer Base Expansion
Riskiest forms of Int'l Bus - Answer-- joint ventures & foreign subsidiaries
Foreign Portfolio Investment (FPI) - Answer-foreign investment in Canada through
bonds/stocks/other CDN financial instruments
Foreign Portfolio Investment Pros & Cons - Answer-Pros:
- diversify/spread out investments (safer)
- more choice & opportunity
Con:
- more risk. In interrelated markets, a major domestic change may be felt globally
Import - Answer-bring g&s into country for business use/resale
Global Sourcing - Answer-process of a company buying equipment, capital goods, raw
materials/services from around the world (wherever cheapest)
ex) Dell is a US company that makes computers in India
Exporting - Answer-sending g&s to another country for business use/resale
- 80%+ of CDN exports go to US
Balance of Trade - Answer-the difference between a country's total exports and total
imports
BOT = Import total - export total
Trade Surplus - Answer-exports > imports
Trade Deficit - Answer-imports > exports
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