Show:
International
Business
Global
Marketing
Trading
100
The making, buying and selling of goods and services within a country.
What is Domestic Business?
100
Business activities needed for creating, shipping and selling goods and services across national boarders.
What is International Business?
100
Another name for International Business.
What is Foreign or World Trade?
100
According to the book - this is the number of countries the US trades with.
What is 180?
100
When a country can produce a good or service at a lower cost than other countries.
What is Absolute Advantage?
200
When a country has the absolute advantage in more than one area.
What is a Comparative Advantage?
200
Items brought from other countries.
What are imports?
200
Goods and services sold to other countries.
What are exports?
200
The difference between a country's total exports and total imports.
What is the Balance of Trade?
200
The difference between the amount of money that comes into a country and the amount that goes outl
What is the Balance of Payments?
300
The value of a currency in one country compared with the value in another.
What is the Exchange Rate?
300
The cost of using someone else's money.
What is Interest Rate?
300
The accepted behaviors, customs, and values of a society.
What is Culture?
300
A nation's transportation, communication, and utility system.
What is Infrastructure?
300
Restrictions to Free Trade.
What are Trade Barriers?
400
A limit on the quantity of a product that may be imported or exported within a given period.
What is a Quota?
400
A tax that the government places on certain imported goods.
What is a Tariff?
400
When the government stops the export or import of products.
What is an Embargo?
400
A selected area where products can be imported duty-free and then stored, assembled, and/or used in manufacturing.
What is a Free-Trade Zone?
400
An organization that does business in several countries.
What is a Multinational Company?
500
An agreement between two or more companies to share a business project.
What is a Joint Venture?
500
Selling the rights to use an intangible product for a fee or royalty.
What is Licensing?
500
The right to use a company's name or business process in a specific way.
What is a Franchise?
500
Allowing companies to invest freely in each member's country.
What is a Common Market?
500
Banks that buy and sell different currencies.
What is the Foreign Exchange Market?