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Definition
| 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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| differnce in value between exports and imports of a nation |
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| commercial excange between nations that is conducted on free market principles without restrictive regulations |
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| limits either the quantity or the monetary value of a product that may be imported |
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| total ban on the specific goods coming into and leaving a country |
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| governments establisment of economic policies that systematically restrict imports in order to protect domestic industries |
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| a coalition of nations that makes rules governing international trade |
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| North American Free Trade Agreement |
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Definition
| an international trade agreement among the US, Canada, and Mexico |
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| involves letting another company use a trademark, patent, special formula, company name, or some other intellectual property for a fee or royalty |
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| business enterprise that companies set up together |
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| foreign direct investment |
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Definition
| the establishment of a business in a foreign country |
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Definition
| large corporations that have operations in several countries |
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| midsize or smaller companies that have operations in foreign countries |
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| selling the same product and using the same promotion methods in all countries |
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Definition
| company's use of an existing product and/or promotion to which changes are made to better suit the characteristics of a country or region |
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Definition
| creating specially designed products or promotions for certain countries or regions |
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