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Intro to business
Chapter 4 Eflashcards
16
Business
11th Grade
12/21/2010

Additional Business Flashcards

 


 

Cards

Term

Global Economy

 

Definition

interconnected economies of the nations of the world.

 

Term
Exporting
Definition

selling and shipping of goods to another country.

 

Term
Importing
Definition
buying or bringing in goods from other countries to sell.
Term

Trade barrier

 

Definition
restriction on goods entering or leaving a country.
Term
Tariff
Definition

type of trade barrier.

 

Term

(GDP)-Gross Domestic Product

 

Definition

total value of all goods produced during the year.

 

Term
Interpreter
Definition
translate the other person's language into english.
Term
Standard Industrial trade classification codes-(SITC)
Definition
Learn what kinds of products are traded in specific countries.
Term
International Business exchange-(IBEX)
Definition
Lets you sell products and services online anywhere in the world.
Term
Trade Missions
Definition
small business owners meet and talk with foreign agents, distributors, or potential business partners.
Term
"Best prospect" List
Definition
product that other countries are looking to purchase.
Term
Disposable Income
Definition
money people hasve to spend after paying for necessary expenses
Term
Trade Intermediary
Definition
agency that serves as a distributor in a foreign country.
Term
Foreign joint venture
Definition
alliance between an american small business and a company in another nation.
Term
export management company
Definition
business that handles all the tasks related to exporting for a manufacturer in exchange for a commission.
Term
Freight forwarder
Definition

business that handles overseas shipments.

 

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