BMGT 110F Final questions n answers
graded A+ passed
Importing - correct answer ✔✔Buying products from another country.
Exporting - correct answer ✔✔Selling products to another country.
Free trade - correct answer ✔✔The movement of goods an services among nations without
political or economic barriers.
Comparative advantage theory - correct answer ✔✔Countries should sell other countries those
products they produce most effectively and efficiently.
Absolute Advantage - correct answer ✔✔The advantage that exists when a country has a
monopoly on producing a specific product or is able to produce it more efficiently than all other
countries.
Balance of Trade - correct answer ✔✔The total value of a nations exports compared to its
imports,measured over a particular period of time.
Trade surplus - correct answer ✔✔A favorable balance of trade; occurs when the value of a
countries exports exceeds their imports.
Trade deficit - correct answer ✔✔An unfavorable balance of trade;occurs when the value of a
country's import ants exceed its exports.
, Balance of payments - correct answer ✔✔The difference between money coming in and money
going out. Plus money flows from other factors.
Dumping - correct answer ✔✔selling products in a foreign county at a lower pice that those
charged in the pro ducting country.
Licensing - correct answer ✔✔a global strategy in which a firm allows a foreign company to
produce for a small royalty fee.
Contract manufacturing - correct answer ✔✔A foreign countries production of private-label
goods to which a domestic company then attaches its brand name or trademark.
Joint venture - correct answer ✔✔A partnership in which two or more companies join to
undertake a major product.
Strategic alliance - correct answer ✔✔a long term partnership between two or more companies
established to help each company build competitive market strategies.
FDI (Foreign Direct Investment) - correct answer ✔✔The buying or permanent property or
businesses in foreign nations.
Foreign Subsidiary - correct answer ✔✔A company owned in a foreign country by anther
company called a "Parent Company"
Multinational Corporation - correct answer ✔✔An organization that manufactures and markets
products in many different countries and has multination stock ownership and management.
SWFs (Sovereign wealth funds) - correct answer ✔✔Investment funds controlled by
governments holding large stakes in foreign companies.
graded A+ passed
Importing - correct answer ✔✔Buying products from another country.
Exporting - correct answer ✔✔Selling products to another country.
Free trade - correct answer ✔✔The movement of goods an services among nations without
political or economic barriers.
Comparative advantage theory - correct answer ✔✔Countries should sell other countries those
products they produce most effectively and efficiently.
Absolute Advantage - correct answer ✔✔The advantage that exists when a country has a
monopoly on producing a specific product or is able to produce it more efficiently than all other
countries.
Balance of Trade - correct answer ✔✔The total value of a nations exports compared to its
imports,measured over a particular period of time.
Trade surplus - correct answer ✔✔A favorable balance of trade; occurs when the value of a
countries exports exceeds their imports.
Trade deficit - correct answer ✔✔An unfavorable balance of trade;occurs when the value of a
country's import ants exceed its exports.
, Balance of payments - correct answer ✔✔The difference between money coming in and money
going out. Plus money flows from other factors.
Dumping - correct answer ✔✔selling products in a foreign county at a lower pice that those
charged in the pro ducting country.
Licensing - correct answer ✔✔a global strategy in which a firm allows a foreign company to
produce for a small royalty fee.
Contract manufacturing - correct answer ✔✔A foreign countries production of private-label
goods to which a domestic company then attaches its brand name or trademark.
Joint venture - correct answer ✔✔A partnership in which two or more companies join to
undertake a major product.
Strategic alliance - correct answer ✔✔a long term partnership between two or more companies
established to help each company build competitive market strategies.
FDI (Foreign Direct Investment) - correct answer ✔✔The buying or permanent property or
businesses in foreign nations.
Foreign Subsidiary - correct answer ✔✔A company owned in a foreign country by anther
company called a "Parent Company"
Multinational Corporation - correct answer ✔✔An organization that manufactures and markets
products in many different countries and has multination stock ownership and management.
SWFs (Sovereign wealth funds) - correct answer ✔✔Investment funds controlled by
governments holding large stakes in foreign companies.
