Global Industry
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