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Economic Systems Ch.2 Global Business Ch. 4 Trade & Business Ch. 5, Ch.6 10 Point 20 Points 30 Points 40 Points 50 Points 10 Point 20 Points 30 Points 40 Points 50 Points 30 Points 40 Points 50 Points Cultural Influence Ch. 3 International Business Ch. 1
Making, buying, and selling goods and services within a country.
Includes all business activities needed to create, ship, and sell goods and services across national borders.
Language, education, religion, values and customs, social relationships.
Restrictions tat reduce free trade among countries.
Geographic conditions, cultural and social factors, political and legal factors, and economic conditions.
The limited resources available to satisfy the unlimited needs and wants of people.
The point at which supply and demand cross.
Natural, human, and capital resources.
A nation’s transportation, communication, and utility systems.
The difference between a country’s exports and imports.
The idea that you carry your beliefs, values, and assumptions with you at all times.
A means of dividing the members of a cultural group into various levels.
How direct or indirect communication is.
The belief that one’s culture is better than other cultures.
The belief that the group is more important than the individual.
All citizens have the opportunity to take part in making the rules that govern them.
The country in which a multinational enterprise is a guest.
A limit on the quantity or monetary amount of a product that can be imported from a given country.
The trend of some countries to restrict foreign ownership of companies and to establish laws that protect against foreign imports.
Members eliminate duties and other trade barriers, allow companies to invest freely in each member’s country and allow workers to move freely across borders.
A business owned by one person.
The right to use a company name or business process in a specific way.
A document that states the name of the country in which the shipped goods were produced.
A company that arranges to ship goods to customers.
A market situation with many sellers, each with a slightly different product.
Make your wager
A person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk
What is Domestic Business?
What is International Business?
What are cultural & social factors?
What are trade barriers?
What are the 4 major categories of the international business environment?
What is scarcity?
What is market price?
What are factors of production?
What is infrastructure?
What is balance of trade?
What is cultural baggage?
What is class system?
What is contexting?
What is ethnocentrism?
What is collectivism?
What is democracy?
What is host country?
What is quota?
What is economic nationalism?
What is common market?
What is sole proprietorship?
What is franchise?
What is certificate of origin?
What is freight forwarder?
What is monopolistic competition?
What is entrepreneur?