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Introductions to Business Quiz 11 Ch 17
Introductions to Business Quiz 11 Ch 17
10
Business
Undergraduate 1
06/10/2014

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Term
_____ is buying products from overseas markets that are manufactured overseas.
Definition
Importing
Term
The purpose of the General Agreement on Tariffs and Trade (GATT) was to
Definition
encourage worldwide trade
Term
In countries like China and India, the availability of cell phones
Definition
has enabled these nations to greatly improve telecommunications without investment in conventional landlines.
Term
Product defects have forced the U.S. to recall a host of toy products from China. The popular Polly Pocket dolls were recalled because they posed what problem?
Definition
swallowing hazard
Term
Trading blocs are groups of countries
Definition
that have reduced or eliminated tariffs allowing for a free flow of goods among member nations.
Term
The _____ influences the global economy by providing technical advice to the governments of developing countries for projects in a range of areas including infrastructure and education.
Definition
World Bank
Term
The net result of all money that flows into and out of a nation due to international payments is measured by the nation’s
Definition
balance of payments
Term
Compared to the U.S., the nations of China and India have
Definition
larger populations and more rapid economic growth.
Term
Cell phone penetration is skyrocketing in many developing nations. Which of the following developing nations decided to forgo the conventional phone service of landlines by moving directly to cell phone networks?
Definition
Africa
Term
A growing number of companies have begun outsourcing their customer service to foreign call centers. The primary reason is
Definition
low cost
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