1.5 Location Flashcards
1
Q
What is an tariff
A
Tariff is a tak on foreign good imported to a country
2
Q
Protectionist measures
A
Policies that goverments use to protect their own businesses against Foreign competition
3
Q
Quota
A
Is a limit on the number of foreign goods imported into a country
4
Q
Imports
A
Are goods and services purchased from overseas by consumers of businesses
5
Q
What is a franchise?
A
A franchise occurs when a franchisor sells therights to its products to a franchisee; this is usually
in return for a fee and percentage of turnover.
6
Q
What is a franchisee
A
A franchisee buys a franchise usually in return for a fee and percentage of turnover.
7
Q
What is a franchisor
A
A franchisor sells a franchise usually in return for a fee and percentage of turnover.
