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BBB4M - Chapter 4 Review Questions and Answers
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BBB4M - Chapter 4 Review Questions and Answers
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BBB4M - Chapter 4 Review Questionsand Answers
Auto Pact - Answer-The Canada-U.S. Automotive Products Agreement, a trade
agreement between the two countries to promote freer trade in automobile components
and completed vehicles.
Big Box Retailers - Answer-Retailers that specialize in providing a wide variety of
products in one category. Also known as, "category killers".
Canadian International Development Agency (CIDA) - Answer-A federal government
agency that funds Canadian consultant trust funds at the World Bank and regional
development banks
Copyright - Answer-A form of legal protection provided to the authors of original works,
including literary, dramatic, musical, artistic, and intellectual works and software
programs.
Data Mining - Answer-A marketing research method that determines relationships
information and purchasing behavior of specific consumers.
Innovation - Answer-A modification or adaptation of an invention that takes that
inventor's initial concept further.
Invention - Answer-A new device, method, or process developed through study and
experimentation.
Join Venture - Answer-An agreement between two or more companies or organizations
to share assets and control of a new business for mutual gain.
Just-in-Time System - Answer-An inventory control system that schedules products to
arrive as they are needed for manufacturing or for supplying to customers.
Kanban - Answer-A Japanese philosophy that has as a major principle the elimination of
wasted time, labur, and resources.
Licensing - Answer-Permission from patent or copyright owners that allows others to
use their idea or invention for a fee or royalty.
Organization of Petroleum Exporting Countries (OPEC) - Answer-An economic
organization consisting primarily of Arab nations that controls the price of oil and the
amount of oil its members produce and sell to other nations.
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