Business Exam 0.0 / 5 ? BusinessBusiness StructureA2/A-levelCIE Created by: abrarulhaqCreated on: 09-09-19 20:09 Free Trade No restrictions or trade barriers exist that might prevent or limit trade between countries 1 of 8 Tariffs Taxes imposed on imported goods to make them more expensive than they would otherwise be 2 of 8 Quotas Limits on the physical quantity or value of certain goods that may be imported 3 of 8 Voluntary export limit An exporting country agrees to limit the quantity of certain goods sold to one country (possibly to discourage the setting of tariffs/quotas) 4 of 8 Protectionism Using barrier to free trade to protect a country's own domestic industry 5 of 8 Globalization The increasing freedom of movement of goods, capital and people around the world 6 of 8 Multinational businesses The organisation that has its headquarters in other country, but with operating branches, factories and assembly plants in other countries. 7 of 8 Privatization Selling state-owned and controlled business to investors in the private sector 8 of 8
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