Business
Business done in one country.
What is Domestic business?
When a country brings products in.
What is Imports?
What is Exchange rate?
The value of payments into and out of a country in a set of time.
What is Balance of payments
kind of business happens in multiple countries around the world.
What is International business?
When a country sends out a product to other country.
What is Exports?
The roads, houses, railway lines, harbors, and is public buildings, of a nation.
What is Infrastructure?
What is Licensing
is the strategy of selling products to customers around the world.
What is multinational strategy?
When a country is making money by exporting more then the money it cost to import?
What is a Trade surplus?
A set number of imports that has to be met.
What is a Quota?
Providing licensed privileges to someone to do business.
What is Franchising?
kind of company does business our side of its home country but is based in it.
What is a Multinational company?
When a country is making less money from exporting then it cost to import?
What is a Trade deficit?
kind of agreement stops or lowers trade barrier?
What is a Free-trade agreement?
Two companies working together on a commercial enterprise.
What is a Joint venture?
International business environments four factors
What is Geography, cultural and social factors, economic conditions, and political?
When a country puts a tax on imported goods
What is a Tariff?
When a country is banned from trading with a particular country or countries
What is an Embargo?
Organization that works to promote financial stability and international trade.
What is the International Monetary Fund