Term
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Definition
| The growth of international commerce and communication which makes national boundaries less important |
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Term
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Definition
| commerce between countries |
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Term
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Definition
| percent of imports in a countries total market consumption. |
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Term
| What percent of the US textile and apparel market is imported? |
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Definition
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Term
| What two countries provide the largest amount of imported textiles and apparel into the US? |
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Definition
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Term
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Definition
| the relationship between a countries imoports and exports |
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Term
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Definition
| when imports exceed exports |
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Term
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Definition
| when exports exceed imports |
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Term
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Definition
| when a government allows goods to be imorted and exported freely, few restrictions |
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Term
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Definition
| A country has many restraints on trade. |
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Term
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Definition
| taxes (or duties) on imports that raise the price |
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Term
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Definition
| Restrictions on how much of a product can be imported. |
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Term
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Definition
| rerouting goods to make them appear to come from a different country.This si done to avoid quotas |
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Term
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Definition
| Selling goods cheaply into a foreign country to get rid of them without effecting the price of theses goods in your home country |
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Term
| An international trade agreement to reduce trade barriers around the world |
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Definition
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Term
| Do developing countries import or export more goods? |
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Definition
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Term
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Definition
| the ability of one country to produce certain goods or services better than other countries |
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Term
| What factors should a company know about before buying goods from developing nations? |
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Definition
political stability,economic climate,
infrastructure and climate |
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Term
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Definition
| A countries roads,transporation system,mail delivery,electricity,telephone-which can all effect trading conditions |
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Term
| European Economic Community |
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Definition
| An agreement for free trade between European nations and a common currency,the euro. |
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Term
| NAFTA_North American Free Trade Agreement |
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Definition
| established free trade between the US,Canada and Mexico |
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Term
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Definition
| the increase in worth of a product as a result of work-sewing,weaving,decorating,dying |
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Term
| Why do retailers favor free trade? |
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Definition
| lower costs,higher profits when they can purcahse overseas |
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Term
| What are some problems and costs of importing goods from other countries? |
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Definition
| delays in receiving products, poor quality,expensive travel, hard to check on distant factories |
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Term
| the number of people living in the US is what percent of the world's population? |
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Definition
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Term
| Name 3 ways customers are changing |
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Definition
| more diverse,less brand loyalty,more value driven |
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Term
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Definition
| buying from both ends of the price scale |
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Term
| list 3 changes in demographics |
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Definition
| more children,more customers over 50, more ethnic population |
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Term
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Definition
| specific lines of goods for a very defined population-small markets |
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Term
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Definition
| using electronically stored data to decide marketing startegies- |
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Term
| what are 2 ways of gathering information for data based marketing |
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Definition
| POS terminals, market research studies |
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Term
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Definition
| uses software to discover patterns within the data to help retailers identify customers needs |
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Term
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Definition
| the existence of too many stores in a market |
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Term
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Definition
| Stores that stock brand name merchandise at low prices-Target,Walmart |
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Term
| Why do some discount retailers choose to go into strip malls instead of regular malls? |
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Definition
| The rental cost of the space is lower,and the mall draws people past teh store |
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Term
| what is meant by consumer-direct retailing formats? |
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Definition
| Shop from home-tv,internet,cataloge. |
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Term
| What is the largest form of direct to consumer marketing? |
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Definition
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Term
| Television retailers (like QVC) try to sell $------- of merchandise per minute |
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Definition
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Term
| What category accounts for one half of the sales through televsion retailers? |
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Definition
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Term
| What is multi channel retailing? |
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Definition
| Selling through more than one method, any combination of store,cataloge,on line,direct mail and so on |
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Term
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Definition
| a large scale long range plan |
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Term
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Definition
| changing the way a business is organized or run as a way to improve business |
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Definition
| purchasing another company |
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Term
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Definition
| reducing parts of a company by combining two or more departments or jobs into one |
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Term
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Definition
| a change in the controlling interest of a company -who owns the majority of the stock and therefore controls the company |
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Term
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Definition
| two companies join to form one company,usually because one has purchased the other |
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Term
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Definition
| the company cannot pay it's bills and will go out of business |
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Term
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Definition
| to sell off the assets of a company that has filed chapter 7 |
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Term
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Definition
| The company cannot pay it's bills and will reorganize,paying only part of what it owes, to regain profitability |
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