Griswold_Matthew_CC8

Griswold_Matthew_CC8 - Griswold_Matthew_CC8 1 What is...

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Griswold_Matthew_CC8 1. What is global business? Global business is the buying and selling of goods and services by people from different countries. 2. Describe the impact of global business as it relates to direct foreign investment. As companies directly invest in foreign countries national borders become less important due to an emphasis on direct foreign investment. 3. List and define the barriers governments erect to control trade. Tariff: a direct tax on imported goods. Quota: a limit on the number or volume of imported products. Voluntary export restraints: voluntarily imposed limits on the number or volume of products exported to a particular country. Government import standards: a standard specified to protect the health and safety of citizens. Subsidies: government loans, grants, and tax deferments given to domestic companies in order to protect them from foreign competition. Customs classification: a classification assigned by government officials that affects the size of a tariff and the imposition of import quotas. 4.
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This note was uploaded on 10/24/2011 for the course MGMT 3820 taught by Professor Lau during the Spring '11 term at North Texas.

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Griswold_Matthew_CC8 - Griswold_Matthew_CC8 1 What is...

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