Question

which of the following tends to discourage international trade? *
an embargo
a free - trade zone
a free - trade agreement
a common market

which of the following is an example of a global strategy? *
pizza hut restaurants in japan sell pizzas with squid toppings because squid is popular japanese food.
the formula for coca - cola is the same no matter where in the world it is sold.
advertising for womens underwear does not feature live models in many muslim countries to avoid offending religious sensibilities.
all of the above are global strategies.

an agreement between two or more companies to share a business project is called ________.
licensing
franchising
a proprietorship
a joint venture

Explanation:

• First question: An embargo is a government - imposed restriction on trade (such as banning imports or exports). A free - trade zone, free - trade agreement, and common market are all mechanisms that promote or facilitate international trade.
• Second question: A global strategy can involve standardization (like Coca - Cola having the same formula worldwide) or adaptation (Pizza Hut adapting toppings in Japan, and advertising adaptations in Muslim countries). So all the given options are examples of global strategies.
• Third question: Licensing is about giving permission to use intellectual property. Franchising is a business model where a franchisor allows a franchisee to operate under its brand. A proprietorship is a business owned by one person. A joint venture is an agreement between two or more companies to share a business project.

Answer:

• First question: an embargo
• Second question: All of the above are global strategies
• Third question: a joint venture