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3-1 Vocab
3-2 Vocab
3-3 Vocab
4-1 Vocab
4-2 Vocab
100
Items bought from other countries.
What is an import.
100
Stop the import or export of a product completely.
What is embargo.
100
Created in 1995 to promote trade around the world.
What is the World Trade Organization.
100
Rules about how businesses and their employees ought to behave.
What are business ethics.
100
Purely intangible with no physical characteristics.
What is intellectual property.
200
Goods and services sold to other countries.
What is an export.
200
A tax by the government on certain imported products.
What is a tariff.
200
Selling the right to use a company name or business process in a specific way.
What is franchising.
200
A set of rules for guiding the actions of employees or members of an organization.
What is code of ethics.
200
Gives the inventor the sole right to make, use, or sell the item for 17 years.
What is a patent.
300
Difference between a country's total imports and exports.
What is balance of trade.
300
A limit on a given product that is imported or exported within a given period of time.
What is a quota.
300
Selling the right to use some intangible property.
What is licensing.
300
Principles of morality or rules of conduct.
What are ethics.
300
A word, letter, or symbol linked with a specific company or product.
What is a trademark.
400
Value of currency in one country compared to the value in another.
What is exchange rate.
400
Nation's transportation system, communication, and utility systems.
What is infrastructure.
400
An agreement between two or more companies to share a business project.
What is a joint venture.
400
Natural resource that cannot be replaced when it is used up.
What is a non-renewable resource.
400
Protects the creative work of authors, composers, and artists.
What is a copyright.
500
The difference between the amount of money that comes into a country and the amount that goes out.
What is balance of payments.
500
Restrictions to free trade.
What is a trade barrier.
500
An organization that does business in several countries.
What is a Multinational company (MNC).
500
The duty a company to contribute to the well-being of a community.
What is social responsibility.
500
An agreement to exchange goods or services for something of value.
What is a contract.