ONLINE BUSINESS 1. A company that conducts business by means of the internet.

SERVICES 2. Intangible products that satisfy consumer’s wants and neets.

OUTSOURCING 3. Contracting with other companies for services

STRATEGIC ALLIANCE 4. A partnership formed among two or more companies

CORPORATE VENTURE 5. A new venture started inside a larger corporation

INNOVATION 6. A new way of doing things; a new idea, method, or device.

NICHE 7. A small, specialized segment of the market based on customer needs discovered in market research.

BRAINSTORM 8. To think freely in order to generate ideas.

DEMOGRAPHICS 9. Personal characteristics that describe a population be age, gender, income, ethnic background, education and occupation, among others.

TRADE MAGAZINE 10. A periodical published for a specific type of business or industry.

SPECIALTY MAGAZINE 11.A periodical published for people with special interests, such as sports, camping, fashion, and a variety of other areas.

TRADE SHOW 12. A gathering or exhibition where vendors and manufactures introduce new items and promote established products and services.

VALUES The beliefs and principles by which you choose to live that define who you are, shape your attitudes and choices, and help you identify your priorities.

GOODWILL 14. The favor and loyalty a business acquires by its good reputation.

FRANCHISE 15. A legal agreement to begin a new business in the name of a recognized company.

FRANCHISEE 16. The buyer of a franchise who is given the right to its product, process, or service. The buyer receives the way of operating a business and a product with name recognition.

BUSINESS BROKER 17. Someone whose job it is to bring buyers and sellers of businesses together for a fee.

GLOBAL ECONOMY 18. The interconnected economies of the nations of the world.

EXPORTING 19. The selling and shipping of goods to other countries.

IMPORTING 20. The buying or bringing in of goods from other countries to sell.

TRADE BARRIER 21. A restriction on goods entering or leaving a country.

TARIFF 22. A type of trade barrier imposed by a government as a tax on imported or exported goods.

GROSS DOMESTIC PRODUCT (GDP) 23. The total market value of all goods and services produced by workers and capital within a nation during a given period.

INTERPRETER 24. A person who translates one language into or from another.

STANDARD INDUSTRIAL TRADE CLASSIFICATION (SITC) CODES 25. A system that details the kinds of products that are traded in specific countries and how well certain products do in different marketplaces.

INTERNATIONAL BUSINESS EXCHANGE (IBEX) 26. The electronic commerce system that allows businesses to sell products and services online anywhere in the world.

TRADE MISSIONS 27. An opportunity offered by the U.S. Government and private agencies to small businesses to travel to other countries in order to meet and talk with foreign agents, distributors, or potential business partners.

“BEST PROSPECTUS” LIST 28.A list compiled by the government of products that other countries are looking to purchase.

DISPOSABLE INCOME 29.Money people have to spend after paying for necessary expenses

TRADE INTERMEDIARY 30.An agency that serves as a distributor in a foreign country.

FOREIGN JOINT VENTURE 31.An alliance between an American small business and a company in another nation.

EXPORT MANAGEMENT COMPANY 32.An organization that handles all the tasks related to exporting for a manufacturer.

FREIGHT FORWARDER 33.A company that arranges shipments and prepares necessary exporting paperwork