Marketing Ch 9 Reaching Global Markets Vocabulary
Quiz by Dr. Jaclyn Muller
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- Q1
Developing and performing marketing activities across national boundaries
Quota
International marketing
Import tariff
Gross domestic product (GDP)
30s - Q2
The market value of a nation’s total output of goods and services for a given period; an overall measure of economic standing
Gross domestic product (GDP)
Quota
International marketing
Import tariff
30s - Q3
A duty levied by a nation on goods bought outside its borders and brought into the country
Gross domestic product (GDP)
International marketing
Import tariff
Quota
30s - Q4
limit on the amount of goods an importing country will accept for certain product categories in a specific period of time.
Import tariff
Quota
International marketing
Gross domestic product (GDP)
30s - Q5
A government’s suspension of trade in a particular product or with a given country
Exchange controls
Embargo
Balance of trade
Cultural relativism
30s - Q6
Government restrictions on the amount of a particular currency that can be bought or sold
Embargo
Balance of trade
Exchange controls
Cultural relativism
30s - Q7
The difference in value between a nation’s exports and its imports
Exchange controls
Balance of trade
Cultural relativism
Embargo
30s - Q8
The concept that morality varies from one culture to another and that business practices are, therefore, differentially defined as right or wrong by particular cultures
Exchange controls
Embargo
Cultural relativism
Balance of trade
30s - Q9
An alliance that merges Canada, Mexico, and the United States into a single market
United States–Mexico–Canada Agreement (USMCA)
Southern Common Market (MERCOSUR)
European Union (EU)
Asia-Pacific Economic Cooperation (APEC)
30s - Q10
An alliance that promotes trade among its member countries in Europe
United States–Mexico–Canada Agreement (USMCA)
Asia-Pacific Economic Cooperation (APEC)
Southern Common Market (MERCOSUR)
European Union (EU)
30s - Q11
An alliance that promotes the free circulation of goods, services, and production factors, and has a common external tariff and commercial policy among member nations in South America
European Union (EU)
Southern Common Market (MERCOSUR)
Asia-Pacific Economic Cooperation (APEC)
United States–Mexico–Canada Agreement (USMCA)
30s - Q12
An alliance that facilitates open trade and economic and technical cooperation among member nations throughout the world
United States–Mexico–Canada Agreement (USMCA)
Asia-Pacific Economic Cooperation (APEC)
European Union (EU)
Southern Common Market (MERCOSUR)
30s - Q13
A free trade agreement between 15 nations in the Asia-Pacific that is made up of nations in the ASEAN trade bloc plus five of their free trade partners.
Regional Comprehensive Economic Partnership (RCEP)
Association of Southeast Asian Nations (ASEAN)
Asia-Pacific Economic Cooperation (APEC)
World Trade Organization (WTO)
30s - Q14
An alliance that promotes trade and economic integration among member nations in Southeast Asia
Association of Southeast Asian Nations (ASEAN)
Regional Comprehensive Economic Partnership (RCEP)
World Trade Organization (WTO)
Asia-Pacific Economic Cooperation (APEC)
30s - Q15
An entity that promotes free trade among member nations by eliminating trade barriers and educating individuals, companies, and governments about trade rules around the world
Regional Comprehensive Economic Partnership (RCEP)
Asia-Pacific Economic Cooperation (APEC)
Association of Southeast Asian Nations (ASEAN)
World Trade Organization (WTO)
30s