International Business
Global Environment
Strategies
Barriers to Trade
Trade Agreements
100
What are goods and services purchased from other countries?
Imports
100

What is the ability to produce a good or service at a relatively lower opportunity cost than that of another producer

Comparative Advantage

100
What involves selling the same product world wide?
Globalization
100

what is any regulation or policy that restricts international trade, especially tariffs, quotas, licences etc.

Barriers of trade

100
A coalition of nations that makes rules governing international trade
World Trade (WTO)
200
What are goods and services sold to other countries?
Exports
200
What would be something to describe rules for trading in a country
Trade Regulations & Laws
200
What involves changing the product a little bit for an area?
Adaptation
200
What is the amount of product you can import in at a time?
Quotas
200
What is an international trade agreement among the United States, Canada, and Mexico
North American Trade (NAFTA)
300

A situation in which a country is closed to any international trade

Autarky

300
What factors include roads, bridges, ports and labor?
Economic Factors
300
What involves creating a new product for a certain location?
Customization
300
What is it when you are not allowed to take in any imports from a certain product? (Ex. Cuba and USA)
Embargo
300
Europe's trading bloc
European Trade (Eu)
400
What involves hiring a foreign manufacturer to make your products according to your specifications?
Contract Manufacturing
400
What involves holidays, religions, and how they live in their community?
Socio-Cultural Factors
400
Selling Coca-Cola worldwide
Globalization
400

what is a tax or fee that must be paid on goods imported from other countries

Tariff

400
Canada trades exports Maple syrup to the USA
NAFTA
500
What is a business enterprise that companies set up together?
Joint Ventures
500
What involves measurement systems, voltage systems, etc.?
Technological Factors
500

What is the value of the opportunity that you gave up when you chose one activity, or opportunity instead of another.

Opportunity Cost

500

what is a numerical limit on the amount of a good that can be imported. Sometimes called an import quota.

Quota

500
Germany exports Mercedes to England
EU
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