8/9/25, 9:46 AM Bus 410 Midterm 1 N Flashcards | Quizlet
Bus 410 Midterm 1 N
Save
Terms in this set (135)
3 forms of international trade, licensing and direct investment
business
Trade import/export/trade-in services
exporter assumes responsibility for most of the export
direct export
functions
Using intermediaries to handle exports (i.e. export
indirect export trading companies and export management
companies)
Middlemen who bring buyers and sellers together by
International trading
specializing in all aspects of import/export
companies
transactions
renting intellectual property in exchange for royalties
licensing (in franchising, one must adhere to all rules of base
company)
Direct investment go into country and start a business
Case about red beans that originated in Africa but
Tarbert Trading Ltd. v. were said to have been from the EEU. Claim and
Cometals, inc counterclaim were dismissed because agreements
that violate the law are void
https://quizlet.com/1064706108/bus-410-midterm-1-n-flash-cards/?new 1/15
, 8/9/25, 9:46 AM Bus 410 Midterm 1 N Flashcards | Quizlet
Judgement affirmed for the defendant. Close-Up
Russian entertainment could not sue Image for distributing multi-lingual
wholesale, Inc. v. Close- DVDs, saying that they were committing copyright
Up international, inc. infringement, because their rights were limited to just
selling the Russian version.
World Intellectual Property Org; specialized agency
of the United Nations - develops IP policies,
WIPO
coordinates registrations in some IP areas, resolves
disputes
World Trade Org; a more uniform application and
enforcement of their national IP laws - their dispute
WTO
settlement body resolves issues between
governments
sharing of scientific info, technology, and
manufacturing know-how between firms, universities
Transfer of technology
or other institutions; accomplished through complex
licensing agreements (e.g. patents)
operations in the home country, but may be a branch
Foreign branch
office or whole network system in foreign country
States cannot tax _____ either; exports
(imports/exports) and the
fed cannot tax _____
(imports/exports)
foreign subsidiary: company under laws of the host
foreign subsidiary country, but owned and controlled by parent
company in home country
cooperative business arrangement between two or
joint venture more companies for profit, may take the form of a
partnership or corporation
Case: Union carbide corp poisonous chemicals leaked from a subsidiary in India
gas Plant Disaster at to an American corporation, court upheld that the
Bhopal lawsuit be held in India by forum non conveniens
https://quizlet.com/1064706108/bus-410-midterm-1-n-flash-cards/?new 2/15
Bus 410 Midterm 1 N
Save
Terms in this set (135)
3 forms of international trade, licensing and direct investment
business
Trade import/export/trade-in services
exporter assumes responsibility for most of the export
direct export
functions
Using intermediaries to handle exports (i.e. export
indirect export trading companies and export management
companies)
Middlemen who bring buyers and sellers together by
International trading
specializing in all aspects of import/export
companies
transactions
renting intellectual property in exchange for royalties
licensing (in franchising, one must adhere to all rules of base
company)
Direct investment go into country and start a business
Case about red beans that originated in Africa but
Tarbert Trading Ltd. v. were said to have been from the EEU. Claim and
Cometals, inc counterclaim were dismissed because agreements
that violate the law are void
https://quizlet.com/1064706108/bus-410-midterm-1-n-flash-cards/?new 1/15
, 8/9/25, 9:46 AM Bus 410 Midterm 1 N Flashcards | Quizlet
Judgement affirmed for the defendant. Close-Up
Russian entertainment could not sue Image for distributing multi-lingual
wholesale, Inc. v. Close- DVDs, saying that they were committing copyright
Up international, inc. infringement, because their rights were limited to just
selling the Russian version.
World Intellectual Property Org; specialized agency
of the United Nations - develops IP policies,
WIPO
coordinates registrations in some IP areas, resolves
disputes
World Trade Org; a more uniform application and
enforcement of their national IP laws - their dispute
WTO
settlement body resolves issues between
governments
sharing of scientific info, technology, and
manufacturing know-how between firms, universities
Transfer of technology
or other institutions; accomplished through complex
licensing agreements (e.g. patents)
operations in the home country, but may be a branch
Foreign branch
office or whole network system in foreign country
States cannot tax _____ either; exports
(imports/exports) and the
fed cannot tax _____
(imports/exports)
foreign subsidiary: company under laws of the host
foreign subsidiary country, but owned and controlled by parent
company in home country
cooperative business arrangement between two or
joint venture more companies for profit, may take the form of a
partnership or corporation
Case: Union carbide corp poisonous chemicals leaked from a subsidiary in India
gas Plant Disaster at to an American corporation, court upheld that the
Bhopal lawsuit be held in India by forum non conveniens
https://quizlet.com/1064706108/bus-410-midterm-1-n-flash-cards/?new 2/15
