Chapter 1a
Chapter 1b
Chapter 1c
Chapter 1d
Chapter 1e
100
Commercial transaction that crosses the borders of two or more nations.
What is International Business?
100
Goods and services purchased abroad and brought into a country.
What are Imports?
100
Goods and services sold abroad and sent out of a country.
What are exports?
100
Business that has directed investments abroad in multiple countries.
What is Multinational Corporation (MNC)?
100
Products marketed in all countries essentially without any changes.
What is Global Product?
200
International organization that enforces the rules of international trade.
What is the World Trade Organization (WTO)?
200
Nation’s GDP or GNP divided by its population.
What is the GDP or GNP per capita?
200
Internal company Web sites and information networks.
What is the Intranet?
200
Value of all goods and services produced by a country’s domestic and international activities over a one-year period.
What is Gross National Product (GNP)?
200
Use of computer networks to purchase, sell, or exchange products; services customers, and collaborate with partners.
What is e-business?
300
Value of all goods and services produced by a domestic economy over a one-year period.
What is the Gross Domestic Product?
300
Creates a free-trade zone around the Pacific.
What is the Asia Pacific Economic Cooperation (APEC)?
300
Agency created to regulate fixed exchange rates and enforce the rules of the international monetary system.
What is the International Monetary Fund (IMF)?
300
Company that adopts a global perspective and engages in international business from or near its inception.
What is Born Global Firm?
300
Treaty designed to promote freetrade by reducing both tariffs and nontrariff barriers to international trade.
What is General Agreement on Tariffs and Trade (GATT)?
400
Agency created to provide financing for national economic development efforts.
What is the World Bank?
400
Special areas in which companies engage in tariff-free importing and exporting.
What is Export-processing zones (EPZ)?
400
Composed of unique cultural, political, legal, and economic characteristics that define business activity.
What is the National Business Environment?
400
Trade agreement which includes Canada, Mexico,and the USA.
What is the North American Free Trade Agreement (NAFTA)?
400
Trade agreement which combines 27 countries.
What is the European Union (EU)?
500
Trend toward greater economic, cultural, political, and technological interdependence among national institutions and economies.
What is Globalization?
500
Includes trade, foreign direct investment, portfolio capital flows, and investment income.
What is Economic Integration?
500
Allows continuous monitoring of individual containers from port of departure to destination.
What is Global Positing System (GPS) with radio frequency identification (RFID)?
500
Gives distributers and suppliers access to a company’s database to place orders or restock inventories electronically and automatically.
What are Extranets?
500
Dispersal of production activities to locations that help a company achieve its cost-minimization.
What is the Globalization of Production?
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