Match Each Item with the Correct Statement Below

question 119

Multiple Choice

Match each item with the correct statement below.
-A firm that brings in goods produced abroad to sell domestically or to be used as components in its products is called a(n) _____.

• A)exporting
• B)WTO
• C)infrastructure
• D)exchange rate
• E)tariff
• F)import quota
• G)dumping
• H)ISO certification
• I)foreign licensing
• J)multinational corporation
• K)global marketing strategy
• L)multidomestic marketing strategy
• M)countertrade
• N)related party trade
• O)exchange control
• P)customs union
• Q)CAFTA-DR
• R)importer
• S)embargo
• T)franchise

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Definitions:

Supremacy of Parliament

A doctrine in constitutional law that holds the legislative body as the supreme form of authority within the state, with its acts not subject to judicial review or challenge.

Committees of Correspondence

Groups formed in the American colonies to maintain communication with one another as they resisted British policy in the run-up to the American Revolution.

Communications Network

A system of interconnected devices and facilities that enable the transmission of data and messages across long distances.

Local Laws

Regulations and ordinances that are enacted and enforced by local government entities such as cities or counties.