General Global Business Questions
What is the action of buying and selling goods?
trade
What take place when tariffs between member countries are eliminated or reduced?
Free Trade
What is the main free trade group that America is part of? You should definitely know this one. Yes, I am talking to you.
NAFTA
North American Free Trade Agreement
What is the term to describe a country spending more on foreign trade than it earns?
deficit
What is debt owed by the government?
public debt
What is the ability to compete and participate in the global market?
Global Linkage
This investment is the majority purchase of a company or foreign business? Not their shares
direct investment
What recognizes the rights of the creator to authorize use of of a work and to set the conditions for its use?
Economic Rights
What term defines a passive or hands off investments?
portfolio investment
What are goods brought from one country to another?
imports
What is the economic transactions between countries or other foreign entities?
foreign trade
What is described by nations agreeing to reduce or eliminate trade barriers and coordinate their monetary and fiscal policies
Economic Integration
Regional Integration
What term defines a company that sells goods and services at a lower price than its competitors and still makes money?
comparative advantage
What Is the rate at which the level of prices for goods and services are rising and purchasing is falling?
inflation
What is the difference between a country's imports and exports?
balance of trade
What are foreign goods and services shipped into another country and received by a distributor then sold to the consumer
indirect imports
What is an agreement where one company makes an asset available to another company in exchange for money?
licensing
What is used to identify and distinguish the goods/services of a seller from others and tells you where it comes from?
Trademark
Whats the flow of capital from one nation to another in exchange for significant ownership stakes in domestic companies?
foreign investment
What is the exchange of one currency for another or conversion of one currency into another?
foreign exchange
Foreign goods and services are shipped into another country and received by the consumer without going a middleman
indirect exports
What is a type of international law which protects the rights of creator around the world?
Global copyright
What are the ideas that a copyrighted work is the expression of the personality of its author or creator?
Moral Rights
When was the Foreign Corrupt Practices Act signed into law?
1977
What terms a define a business that creates an efficient production for a specific product and is shipped abroad?
specialization