MGMT 346 EXAM 1 STUDY GUIDE
trade in service - Answers - providing services to a customer or the operation of service
companies in a foreign country
direct exporting - Answers - exporter, manufacturer assumes responsibility for most
export functions, including marketing, export licensing, shipping and payment.
international trading companies - Answers - firms that specialized in all aspects of
import/export transactions
export management companies - Answers - independent firms that specialize in
exporting in a particular region
transfer of technology - Answers - sharing of scientific information technology, and
manufacturing know-how
foreign direct investment - Answers - ownership and active control of ongoing business
by an individual or corporate investor who is a resident of another country/ greatest risk
foreign branch - Answers - type of investment where there is business presence from an
investor in host country
foreign susbsidary - Answers - investment where foreign company organized under the
law of foreign host country owned and controlled by parent company in home country
joint venture - Answers - investment where cooperative business between two or more
companies for a profit. Partnership or corporation, each person contributes different,
equal amount of capital
local participation - Answers - share of business is owned by nationals of host country
affiliate - Answers - officially attach or connect a subsidiary group or person to an
organization
export control - Answers - restriction on exports of goods, services, or technology to a
country for reasons of security of foreign policy
sanctions - Answers - broader restrictions on trade that sponsor international terrorism,
engage in spreading weapons or threaten world peace
non-tariff borders - Answers - barriers to the import of foreign goods/services other than
tariffs.
trade in service - Answers - providing services to a customer or the operation of service
companies in a foreign country
direct exporting - Answers - exporter, manufacturer assumes responsibility for most
export functions, including marketing, export licensing, shipping and payment.
international trading companies - Answers - firms that specialized in all aspects of
import/export transactions
export management companies - Answers - independent firms that specialize in
exporting in a particular region
transfer of technology - Answers - sharing of scientific information technology, and
manufacturing know-how
foreign direct investment - Answers - ownership and active control of ongoing business
by an individual or corporate investor who is a resident of another country/ greatest risk
foreign branch - Answers - type of investment where there is business presence from an
investor in host country
foreign susbsidary - Answers - investment where foreign company organized under the
law of foreign host country owned and controlled by parent company in home country
joint venture - Answers - investment where cooperative business between two or more
companies for a profit. Partnership or corporation, each person contributes different,
equal amount of capital
local participation - Answers - share of business is owned by nationals of host country
affiliate - Answers - officially attach or connect a subsidiary group or person to an
organization
export control - Answers - restriction on exports of goods, services, or technology to a
country for reasons of security of foreign policy
sanctions - Answers - broader restrictions on trade that sponsor international terrorism,
engage in spreading weapons or threaten world peace
non-tariff borders - Answers - barriers to the import of foreign goods/services other than
tariffs.
