Topic 1.5 Business Location. Flashcards
1
Q
Define “protection measures”
A
Policies that governments use to protect their own businesses against foreign competition.
2
Q
Define a “tariff”
A
A tax on foreign good imported into a country.
3
Q
Define an “import”
A
An import is goods and services purchased from overseas by consumers of businesses.
4
Q
Define a “quota”
A
A limit on the number of foreign goods imported into a country.
5
Q
What does the R in “RECIPE” stand for.
A
Being near to “Raw materials.”
6
Q
What does the E in “RECIPE” stand for
A
Near to “Employment”
7
Q
What does the C in “RECIPE” stand for.
A
Near to “Competition”.
8
Q
What does the I in “RECIPE” stand for.
A
Near to “infrastructure”.
9
Q
What does the P in “RECIPE” stand for.
A
Near to “Proximity target market”.
10
Q
What does the “E/F” stand for in “RECIPE”
A
It stands for “finance”.
