Embargoes - Study guides, Class notes & Summaries

Globalisation Refers to the increasing integration and interdependence of the World's national economies into a single international market. It involves the free trade of goods and services, the free movement of capital and labour and the free interchange of technology and intellectual capital Developed economy An economy that that is economically developed and its population has a high GDP per capita e.g USA, Australia Developing economy An economy that that is less economical...

Quiz on the NSC, Questions and answers, latest update. What are the four categories of tools available to U.S. leaders crafting foreign policy? - -Diplomatic, Economic, Military, and Unconventional Ex. of Diplomatic - -consultations and negotiations, treaties, defense and security agreements, resolutions in global and regional bodies such as the United Nations (UN), and public diplomacy to promote U.S. views and culture Ex. of Economic - -trade and investment agreements, tariffs, sanc...

Global Reach - answer-international penetration of U.S. and other companies intra-firm trade - answer-MNCs managing international trade flow within themselves. Domestic Marketing - answer--domestic focus. -ethnocentric -products developed for home country customers -decisions made at headquarters Ethnocentrism - answer--a predisposition of a firm to be predominantly unconcerned with its viability worldwide and to think of its legitimacy only in its home country. -the feeling of on...

supply - Correct Answer the amount of goods available demand - Correct Answer the desire to own something and the ability to pay for it deadweight loss - Correct Answer the reduction in economic surplus resulting from a market not being in competitive equilibrium regulation - Correct Answer government intervention in a market that affects the production of a good perfect competition - Correct Answer a market structure where competition is at its at its greatest level imperfec...

what do some hotel chains develop to establish formal relationships with employees? contracts an impact of antitrust legislation on business is that it prevents hospitality businesses from..... forming monopolies it is important for the JBH Hotel Supply Company to advise all of its channel members about a sales promotion that it plans to hold next month so the company.... products are availible to meet the demand which of the following is a product consideration when sele...

BUS-M300 Final Exam Questions And Correct Answers When is Price Promotion effective? When the customer is sensitive to price. Inelastic % change in demand is LESS THAN % change in price. Elastic % change in demand is GREATER THAN % change in price. -Price increases, revenue decreases -Price decreases, revenue increases Promotional Pricing Price below list or cost for short run sales (discounts and rebates). Everyday Low Pricing Strategy For price sensitive. Customary Pricing Tra...

TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false. 1) Exporting is the purchase of products from another nation. Answer: True False 2) Falling political barriers and new technologies have made it increasingly difficult to trade with other nations. Answer: True False 3) When a nation is importing more than it is exporting, it has a positive balance of trade. Answer: True False 4) A balance of trade refers to the buying, selling, and trading of goods and ser...

• Question 1 2 out of 2 points ( ), increasing market audience, receiving foreign direct investment are reasons international trade is important to the United States. Selected Answer : Maximizing production and efficiency • Question 2 2 out of 2 points Embargoes are defined as the prohibition of commerce and trade with a certain nation. Selected Answer: Tru e • Question 3 2 out of 2 points Which of the following is not included in the set of shared categories that characterizes a culture? ...

True / False 1. As access to technology rises and barriers to trade fall, individual economies around the world have become more independent than ever before. a. True b. False ANSWER: False 2. Despite their huge populations, China and India represent a much smaller opportunity in terms of size and economic growth. a. True b. False ANSWER: False 3. International trade helps even out some of the resource imbalances among nations. a. True b. False ANSWER:...

Chapter 03 - Business in a Borderless World True / False Questions 1. Exporting is the purchase of products from another nation. FALSE Exporting is the selling of goods and services to foreign markets. Blooms: Remember Difficulty: Easy Learning Objective: 03-01 Explore some of the factors within the international trade environment that influence business. Topic: 03-04 Trade Between Countries 2. Falling political barriers and new technologies have made it increasingly difficult to trade w...