International Trade
Countries trade internationally to grow their...
What is Economic Expansion/Economy
Importing is
Purchasing goods/services from foreign countries
A tax imposed on imported or exported goods
What is a Tariff
Standardizing goods/services based on worldwide audience preferences over social networks and media platforms
What is Global Strategy/Globalization
What is the term for a set of companies that solely control the trade of certain products or services
What is a Monopoly
The ability of a country to produce goods/services more efficiently than competitor
What is Absolute Advantage (Monopoly)
Exporting Is...
Selling goods/services to foreign countries
The biggest Barrier of International Trade
What is a Tarriff
Customization of goods/services based on a country's cultural, technological, and national differences
What is Multinational Strategy
What bank was established to loan money to developing countries
What is the World Bank
Saudi Arabia has a ..... Over the United States in Oil Production
What is Comparative Advantage
Importing and Exporting helps create what to stimulate and grow the economy
What is Jobs
Restrictions on the amount of currency that can be bought or sold
What is Exchange Control
Laundry detergent, Soap, and Dog food produced to adapt to the local environment is which type of Business Strategy.
What is Multinational Business Strategy.
What is the United states most valuable export
What is Oil
The difference between the flow of money in and out of a country
What is Balance of Payments.
When a country has more imports than exports (Negative balance of trade)
What is Trade Deficit
An Embargo...
Prohibits importing or exporting certain products
Acronym for CIBER's
What is "Centers for International Business Education and Research."
What was the United States GDP for 2023
What is 27 Trillion Dollars
Countries Trade because No nation can produce everything it needs.
What is Unequal Distribution of Resources
Exporting goods by exchanging products for other products rather than for money
The United States' biggest Technological Competitor
What is Asia
Before moving outside their own borders companies must conduct ....... Analyses to evaluate the potential of problems.
What is Environmental
What two countries does the United States import the most from
What are China and Canada