Checkup 1 Flashcards
_________ is the purchasing of foreign-produced products in the United States.
Importing
The packaging of products bought and sold in international commerce is often required to withstand ______________________.
severe climactic changes
Communication in international commerce is typically of a _______ nature.
written
Movement by _______ is the most common form of transportation in international trade.
ship
Businessmen in some countries attempt to _______ the fact that they are engaged in business.
conceal
Countries _________ benefit from the establishment of operating facilities by a foreign business.
always
The lack of existing competition is __________ an indication that no market for the product exists.
not always
Traditional business practices are ___________ set aside by the more modern practices of the international firm.
not easily
Nationalization means the ________ of a foreign business operation by the government of the country.
takeover
An international business firm may seek a ________ position in a country.
monopoly
Business firms have contributed significantly to the _________ between the countries of the world.
interaction
The selling of products produced in the United States to foreign customers is _______________.
exporting
The action of an international business firm is constrained by national ______________.
security
Frequently a characteristic of underdeveloped countries
Political instability
The laws of the foreign government may restrict the percentage of a firm’s ________ that may leave the country.
profits
