____________ Have Historically Been the Most Important and Most Used

question 36

Multiple Choice

____________ have historically been the most important and most used type of trade restriction.

• A)Quotas
• B)Domestic content requirements
• C)Import tariffs
• D)Export tariffs

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Definitions:

Global Market Entry Strategy

A planned method of delivering goods or services to a new target market and establishing a presence in a foreign country.

International Sales

The practice of selling products or services beyond a company's domestic borders, into foreign markets.

Joint Venture

A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task.

Telecommunications Firm

A company that provides services in telecommunications, such as phone services, internet access, and cable TV.