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Definition
| Developing and performing marketing activites across national boundaries |
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| The market value of a nation's total output of goods and services for a given period; an overall estimate of economic standing |
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| A duty levied by a nation on goods bought outside its borders and brought in |
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| A limit on the amount of goods an importing country will accept for certain product categories in a specific time period |
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| A government's suspension of tade in a particular product or with a given country |
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| Government restrictions on the amount of a particular currency that can be bought or sold |
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| The difference in value between a nation's exports and its imports |
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| The concept tha morality varies from one culture to another and that business practices are therefore differentially defined as right or wrong by particular cultures |
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Term
| General Agreement of Tariffs and Trade |
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Definition
| An agreement among nations to reduce worldwide tariffs and increase international trade |
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Definition
| Selling products at unfairly low prices |
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| The purchase of products from a foreign source |
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Definition
| The sale of products to foreign markets |
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Definition
| An alternative to direct investment requiring a licensee to pay commissions or royalties on sales or supplies used in manufacturing |
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Definition
| A form of licensing in which a franchiser, in exchange for a financial commitment, grants a franchisee the right to market its product in accordance with the franchiser's standards |
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Definition
| The practice of hiring a foreign firm to produce a designated volume of product to specification |
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Definition
| The practice of contract manufacturing or other tasks to companies in countries where labor and supplies are less expensive |
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Definition
| A partnership between a domestic firm and a foreign firm or government |
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Definition
| Partnerships formed to create a competitive advantage on a worldwide basis |
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Definition
| A situation in which a compnay owns subsidiaries or other facilities overseas |
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Term
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Definition
| Firms that have operation of subsidiaries in many countries |
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