A. Name that companyAdidas THE WORLD'S SECOND-LARGEST ATHLETIC GEAR MAKER decided to close its footwear factories in Ansbach, Germany, and suburban Atlanta, Georgia, and move to a high-tech "speedfactory" in Vietnam where they will invest in automated production technology for footwear. 1.How are a nation's balance of trade and balance of payments determined? The balance of payments is a record of all foreign economic transactions conducted by a country's citizens, including commerce in products and services, as well as financial capital and financial transfers. The balance of trade is the difference between a country's exports and imports of goods. 2.What is meant by the term dumping in global trade? The term "dumping" is used in relation to international trade. It occurs when a nation or business exports a good at a price that is lower on the international market than it is on its home market. 3.What services are usually provided by an export-trading company? A corporation that is not affiliated with any other organization and only deals in exports is known as an export trading company. This could involve handling the client's billing, shipping, and insurance. 4.What is the key difference between a joint venture and a strategic alliance? A joint venture unites two or more businesses such that each has a share in the new, single legal entity. With a strategic alliance, however, all the companies collaborate without forming a new legal organization. 5.What makes a company a multinational corporation? A company is considered a multinational corporation (MNC) if it conducts business in at least one nation other than its own. It also produces at least 25% of its revenue outside of its own nation, according to some definitions. 6.What are four major hurdles to successful global trade? Four major hurdles to successful global trade are: sociocultural forces, economic and financial forces, legal and regulatory forces, and physical and environmental forces. 7.What does the Foreign Corrupt Practices Act prohibit?
