M100 Exam 1 Questions And Answers 2024/2025 Graded A

Franchising {Ans: A form of licensing in which a company -the franchiser- agrees to provide a franchisee the name, logo, methods of operation, advertising, products, and other events associated with franchiser's business}The Uruguay Round of GATT negotiations, provided new rules to ________ {Ans: Prevent dumping}_______, which was established in 1989, promotes open trade and economic and technical cooperation among 21 member nations and represents approximately 47% of world trade, and 60% of world GDP {Ans: APEC}An American denim company hired a foreign firm to cut, sew, and finish the company's jeans before putting the American company's brand name on the product. This is an example of ______ {Ans: Contract manufacturing}Licensing {Ans: Is a trade arrangement in which one company - the licensor allows another company- the Chinese to use its company name, products, brands, trademarks, raw materials, and or production processes in exchange for a fee or royalty}Ratification of which agreement in 1995 created a free trade area among the United States, Mexico, and Canada? {Ans: NAFTA}