Basics of International Business
Global Marketplace
International Business Structures
Business Terms
Other International Considerations
100
Goods and services sold to other countries
What is exports
100
A nation's transportation, communication and utility systems
What is infrastructure
100
An organization that operates in more than one country
What is MNC (multinational company)
100
Production of goods more efficiently than any other nation
What is absolute advantage
100
The three countries that make up NAFTA
What is Canada, the United States and Mexico
200
Items bought from other countries
What is imports
200
Restrictions of free trade
What is trade barriers
200
The agreement between two or more companies to share resources for a time period
What is joint venture
200
Accepted behaviors, customs, and values of a society
What is culture
200
The organization created to promote free trade around the world.
What is WTO (World Trade Organization)
300
The difference between a countries total exports and total imports
What is balance of trade
300
A limit on the quantity of a product that can be imported or exported in a certain time period
What is quota
300
Contractual agreement where one firm permits another to produce and market its goods/brand
What is licensing
300
Bartering for goods rather than use of currency for purchases.
What is countertrade
300
One of the main reasons for limiting international trade
What is higher prices for consumers (other are: choices, loss of jobs and restrictions of choices)
400
The difference between the amount of money that comes into a country and goes out of a country
What is balance of payments
400
A tax the government places on a good brought into a country
What is tariff
400
Partnership to create competitive advantage on a worldwide basis
What is strategic alliance
400
Production of a specific good more efficiently than any other product
What is comparative advantage
400
Two countries with high populations but lower monetary resources which offer opportunities for increased trading
What is China and India
500
The value of currency in one country compared to the value of money of another country
What is exchange rate
500
When imports or exports are stopped from being brought into a country
What is embargo
500
Complete control over production and marketing in one or more foreign nations.
What is totally owned facilities.
500
Exporting a large quantity of goods to another country and selling them much cheaper in that country
What is dumping
500
Organization that provides short-term loans to developing countries
What is IMF (international monetary fund)
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