Ch. 7 Globalization and Business Practice Final Exam

Business Busa 3000 with Doria at Georgia State University

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By: andrea price
Created: 2010-10-06
Size: 10 flashcards
Views: 154

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The purpose of protectionism is to protect ________.

Domestic industries from foreign competitors

A quantitative restriction on specific imports for a set period

of time is known by which of the following terms?

Quota.

All of the following are country risks in international business except ________

Currency Exchange Rate.

Which of the following is often a result of protectionist policies?

Higher prices of domestic goods.

Advocates of government intervention in international trade

argue that blocking imports will ________.

Protest home-country employment opportunities.

Tariff-based trade barriers can benefit young domestic-based companies by ________.

Allowing them time to expand and become competitive.

Governments impose export controls for the purpose of ________.

Preventing the export of security-related products to specific nations

Which of the following is an effect of administrative and bureaucratic procedures?

slows down the import of products

Which of the following entry strategies do most firms use

if high tariffs are not an issue?

Exporting

The Chinese government’s policy of requiring foreign firms

to enter the Chinese market via joint ventures is intended to ________.

Create jobs for Chinese workers

About this deck

By: andrea price
Created: 2010-10-06
Size: 10 flashcards
Views: 154

About StudyBlue

“I have used this website for three exams, and I see a huge difference in my test results.”
Naj