Match Each Item to the Statement or Sentence Listed Below

question 78

Essay

Match each item to the statement or sentence listed below.
a.exporting
b.World Trade Organization
c.infrastructure
d.exchange rate
e.tariff
f.import quota
g.dumping
h.franchise
i.foreign licensing
j.multinational corporation
k.global marketing strategy
l.multi-domestic marketing strategy
m.countertrade
n.joint venture
o.exchange control
p.customs union
q.Free Trade Area of the Americas
r.European Union
-is a form of exporting whereby goods and services are bartered rather than sold for cash.
2.is the sale of domestically produced products in other countries.
3.A standardized marketing mix with minimal modifications that a firm uses in all of its domestic and foreign markets is a(n) _____.
4.The _____ replaced General Agreement on Tarrifs and Trade and makes binding decisions in mediating disputes and reducing trade barriers.
5.A(n) _____ is an application of market segmentation to foreign markets by tailoring the firm's marketing mix to match specific target markets in each nation.
6.North American Free Trade Agreement was the first step toward creating _____, a proposed free trade area covering the entire western hemisphere.
7.A firm with significant marketing activities outside its own country is a(n) _____.
8.A(n) _____ is the price of one nation's currency in terms of another nation's currency.
9.An agreement that grants foreign marketers the right to distribute a firm's products in a specified geographic area is called a(n) _____ agreement.
10.A tax on imported goods is a(n) _____.
11.An agreement in which a wholesaler or retailer agrees to meet the operational requirements of a manufacturer is called a(n) _____ agreement.
12.means that firms that export must sell foreign currencies to the central bank or other foreign agencies, and importers must buy foreign currencies from the same organization.
13.A nation's basic system of transportation networks, communications systems, and energy facilities is known as its _____.
14.When a firm forms a _______ the risks, costs, and management of a foreign operation are shared with one or more partners.
15.The _____ is a multinational economic community that has adopted a common currency, removed trade restrictions, and permitted a free flow of goods and workers throughout the member nations.
16.An agreement to abolish tariffs for members and charge a uniform tariff for non-members is called a(n) _____.
17.The practice of selling a product in another country at below cost is called _____.
18.A(n) _____ is a trade restriction that limits the number of goods that can enter a country for resale.

---

Definitions:

Cultural Dimension

A framework for understanding different cultures through various aspects such as individualism vs. collectivism, power distance, and masculinity vs. femininity.

GLOBE Study

A large-scale research project that examines the impact of culture on the effectiveness of various leadership styles across different countries and regions.

Culturally Sensitive Websites

Websites designed to be accessible and respectful to diverse cultural norms and preferences, often involving localized content and inclusive design principles.

Cultural Biases

Prejudices or predispositions toward certain cultures that can affect judgment and interactions in a multicultural context.