What roles does business play in our society?
What are the different types of business activities?
What is the role Govt plays in business?
What is a Global Marketplace?
Imports & Exports
100
Any Commerical activity that seeks profit by providing goods and services to others in exchange for money.
What is Business
100
The process of creating, expanding, manufactoring, or improving goods and services
What is Production.
100
A tax placed on imports to increase their price in the domestic market
What is Tariff
100
A company that does business in many countries and has facilities and offices around the world
What is Multinational Firm/Coporation
100
Goods and Services that one country sells to another
What is Export
200
The beliefs, customs, and attitudes of a distinct group of people
What is Culture
200
Businesses that make finished products out of processed goods
What is Manufactoring.
200
A ban on the import or export of a product
What is Embargo
200
An agreement signed by the United States, Canada, and Mexico creating a trilateral trade bloc in North America
What is NAFTA - North America Free Trade Agreement
200
Goods and Services one country buys from another country
What is Import
300
Tasks that businesses perform for consumers
What is Service
300
The function of business that involves money management/funds
What is Finance
300
A boycott against a nation defying international law
What is Sanction
300
An organization of 186 countries working to foster global monetary cooperation
What is International Monetary Fund
300
The activity of buying and selling goods and services in domestic or international markets
What is Trade
400
Characteristic of commerce, engaged in commerce
What is Commericial
400
A business that purchases goods from a wholesaler and sells them to the consumer
What is Retail
400
The price at which one currency can by another currency
What is Exchange Rate
400
The only international body dealing with rules of trade between nations
What is World Trade Organization
400
The exchange of Goods and Services between nations
What is International/World Trade
500
The Contest between businesses to win customers
What is Competition
500
A person who recognizes a business opportunity and organizes, manages, and assumes the risks of starting and operating a business
What is Entrepreneur
500
Describes government policy for regulation that restricts international trade
What is Trade Barrier
500
This organization offers loans, advice, and array of custom resources to more than 100 countries
What is World Bank
500
The difference in value between a country's imports and exports over a period of time
What is Balance of Trade
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