Topic: Global strategy
98.
Licensing is when a company ____.
99.
Luxere Hotels International, an American company, sells the rights to other hospitality
companies globally to open hotels with the Luxere name for a fee and a share of the profit,
in return for using Luxere’s brand name and a package of materials and services. This
defines ____.
100.
Technology Experts is a U.S. company that specializes in IT research. It has formed a joint
venture with Processor Inc., a Canadian organization that has a reputation of producing
quality PCs, to market laptops in China, sharing the risks and rewards of starting the new
enterprise together. This is an example of a(n) ___.
101.
Sometimes a country’s laws forbid foreigners from ownership within their nation, and the
only way an American company can have a presence in that foreign country is with a(n)
___.
102.
Donald enjoys the excitement and challenge of forming a firm in Europe that is totally
owned and controlled by his company because he knows that although the investment will
be substantial, it could result in a large return. This type of organization is an example of a
____.
103.
Free trade is the ____.
104.
The United States uses government regulations, such as tariffs, embargoes, and import
quotas, to limit the import of goods and services and protect their U.S. industries against
foreign competition. This use of these regulations is known as ____.
105.
A tax on automobiles imported into the United States that raises prices on imported
vehicles to make the price of cars produced here more competitive is a(n) ______; a tax on
all oil imported into the United States, which is implemented to raise money for the
American government, is known as a(n) ____.
106.
Prior to 1990, the United States imposed a tax on automobiles imported from Mexico. This
type of tax is a(n) _____.
107.
An import quota is a(n) ____.
108.
The United States limits the amount of cheese purchased from other countries; this policy
is a type of ____.
109.
China has been accused by shrimpers in South Louisiana of selling shrimp in the United
States at a lower price than U.S. suppliers to drive down the price of American shrimp. The
U.S. shrimpers are accusing the Chinese of ___.
110.
Quotas are designed to prevent _____.
112.
The WTO was formed to ____.
113.
The agreements of the World Trade Organization are based on ____.
114.
The World Bank is the principal organization that ______.
115.
Recent protests against World Bank operations involve complaints of supporting countries
permitting sweatshop labor or that restrict religious freedom, and _____.
116.
The IMF has ____.
117.
NAFTA and CAFTA are ____.
118.
According to the watchdog group Public Citizen, NAFTA is responsible for ____.
119.
The trading bloc consisting of 28 trading partners in Europe is the ____.
120.
A group of 21 Pacific Rim countries whose purpose is to improve economic and political
ties is known as the ____.
121.
While traveling in France, Jim and his wife, both Americans, were concerned about how
much they can afford to spend in Europe because sometimes the U.S. dollar will buy more
goods and sometimes it will buy less, based on changing economic conditions. This
change in the values of currencies and how they fluctuate in relation to each other is
known as the ____ rate.