Marketing I Final Exam Review

Offices and manufacturing plants established abroad by domestic businesses

Goods and services sold to other countries.

Large companies with a great number of foreign branches and affiliates

Coalition of nations that makes rules governing international trade

Restrict imports in order to protect domestic industries.

A ban on certain goods entering or leaving country

The monetary difference between a country’s imports and exports.

Limits either the quantity or monetary value of an imported product.

Use of trademark, patent, or company name for a fee.

Taxes on goods entering a country

The process of selling the same product and using the same promotion methods in all countries

The process of hiring a foreign manufacturer to make products according to certain specifications

Commercial exchange between nations that is conducted on free market principles, without tariffs, import quotas, or other restrictive regulations

The exclusive right to reproduce or sell a work authored by an individual, such as writings, music, and artwork

Competition based on factors that are not related to price, such as product quality, service and financing, business location, and reputation.