Take a Guess
Selling or buying goods across country borders.
What is international business?
A limit on the quantity of imports or exports.
What is a quota?
This group creates rules for global trade.
What is the World Trade Organization (WTO)?
Cultures have these for food, color, and branding.
What are cultural preferences?
Being in a rush in some cultures can seem this way.
What is disrespectful or rude?
A fee on imports to protect local industries.
What is a tariff?
Selling to another country is this; buying is that.
What are exporting and importing?
This group of countries makes trade easier by reducing barriers.
What is a trading bloc?
The meaning of certain shapes, colors, or designs depends on this.
What is cultural significance?
Physical items that represent a culture, like tools or clothing.
What is material culture?
Understanding this helps avoid mistakes in global business transactions.
What is a country’s culture?
Three reasons to go global: new markets, profits, and this.
What is outsmarting competitors?
This organization loans money to countries in crisis.
What is the International Monetary Fund (IMF)?
This group helps fund schools, roads, and hospitals in poor countries.
What is the World Bank?
Allowing a foreign company to use your brand for a fee.
What is international licensing?
Business people with this style use first names and ask personal questions.
What is an informal style?
Allowing a foreign company to use your brand for a fee.
What is international licensing?
These must be tailored to match the values and beliefs of a specific culture.
What are consumer goods?
This global challenge leads to better products and prices.
What is global competition?
Business people with this style use first names and ask personal questions.
What is an informal style?
A negotiation approach where both parties aim to benefit.
What is win-win?
Some cultures prioritize a signed contract; others focus on this instead.
What is a business relationship?
Businesses must understand and plan for these to succeed internationally
What are International Barriers ?
This pushes companies to improve quality, reduce costs, and innovate
What is Global Competition ?
A business that is 100% owned by another company, usually in a foreign country.
What is Wholly Owned Subsidiaries ?