Global Industry

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Reduced dependence on U.S. market

advantage of entering into global business in the U.S.

North American Free Trade Agreement

agreement that focuses on tariffs related to agriculture, textiles and automobiles

Licensing

an agreement where one company makes an asset available to another company in exchange for compensation

Brazil

country that is NOT a member of the Free Trade Agreement

Controlled markets

effect of the control and regulation of global businesses

An active war

factor that influences exchange rate

Supply and demand

NOT an influence of the global job market

Foreign spending in the domestic economy

NOT considered a debit item in the balance of trade

Right of integrity

NOT included in the economic rights of global copyright

Local job opportunities become nonexistent

NOT true of studying abroad

Network few foreign contacts

NOT true of working abroad

Indirect investment

NOT an entry strategy when initiating global business

Portfolio investment

If an investor purchases a few shares of McDonald's® stock, but gains no direct involvement with the company, they are portraying this kind of investment

Contributors

Indirect exporting is NOT utilized through this channel

Single objectives

NOT a problem one may encounter when implementing economic integration

Governing business meetings

NOT a purpose for international law in global business

Food Stamps Abroad

NOT a type of foreign aid

Inflexibility

NOT an attribute a future employer is looking for in an international employee

World War II

The General Agreement on Tariffs and Trade was created after the end of this American-involved war

Economic integration

When Mexico and the United States agreed to reduce and eliminate trade barriers, the countries demonstrated this term

Economic union

When a country is a member to this level of economic integration, the countries involved have a common currency and similar tax rates.

PETA

free trade is NOT enacted by this group

Every day

how often the foreign exchange takes place

Occupations made obsolete by technology

how technology has affected the international job market

Foreign Corrupt Practices Act

law that protects foreign officials from bribery to obtain a business

Worker satisfaction

specialization does NOT improve:

Global linkage

the ability to compete and participate in the global market

Bilingualism

the ability to speak two or more languages

Logistics

when a company transports funds, goods or information outside their production process

Inflation

when considered low, the economy shows a rising currency value


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