28 balance of trade the total value of the products a

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28. Balance of Trade – The total value of the products a nation exports minus the total value of the  products it imports, over some period of time. 29. What is NAFTA?- US, Canada, & Mexico created free trade zone 30.  If you are part of a Franchise and the Website the Franchise was using was wrong and you lost  money as a result. The Owner of the Franchise should do what for the Franchisee? (Reverse royalties,  Gain-sharing, profit sharing) I put Reverse royalties??? 31. Collective Bargaining – A  method  of  negotiation  in which  employees  use authorized union   representatives  to assist them.
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INTRO TO BUSINESS 32. Preferred Stock: Preferreds are senior (i.e. higher ranking) to  common stock , but are subordinate to  bonds .Preferred stock usually carries no voting rights, [2]  but may carry a  dividend  and may have priority  over  common stock  in the payment of dividends and upon  liquidation 33.   Marketing Mix: cosmists of 4 elements: product, price, place (distribution), and promotion 34. A neutral party that renders a decision between two parties arbitrator 35. Trade restrictions embargo 36. Job specification Job Specifications, or Job Specs., are details and descriptions about a job that serve  as a thumbnail view of the job.
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