Term
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Definition
| The exchange of goods and services among nations |
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| Goods and services purchased from other countries |
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| Goods and services sold to other countries |
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| The difference in value between inports and exports of a nation |
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| Commercial exchange between nations that is conducted on free market principals without restrictive regulations |
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| Tax on imports, may be used to produce revenue |
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| A limit on either the quantity or monetary value of a product that may be imported |
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Definition
| The total ban on specific goods coming into and leaving the country |
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Definition
| A govenments establishment of economic policies that systematically restrict imports to protect domestic industries |
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Term
| WTO (World Trade Organization) |
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Definition
| Coalition of nations that makes rules governing international trade |
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Term
| NAFTA (North American Free Trade Agreement) |
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Definition
| An international trade agreement among the United States, Mexico and Canada |
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Definition
| Letting another company use a trademark, company name or other intellectual protery for a fee or royalty |
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Definition
| Hiring a foreign manufacturer to make your products, according to your specifications |
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Definition
| A business enterprise that companies set up together |
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| FDI (Foreign Direct Involvement) |
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Definition
| The establishment of a business in a foreign country |
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Term
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Definition
| Large corporations that have operations in serveral countries |
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Definition
| Midsize or smaller companies that have operations in foreign countries |
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Definition
| Selling the same product and using the same promotion methods in all countries |
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Definition
| A company's use of an existing product and/or promotion to which changes are made to better suit a country or region |
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Term
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Definition
| Involves creating specifically designed products or promotions for certain countries or regions |
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