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Unit 4
get money
Question | Answer |
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Culture | the set of customs, beliefs, and social attitudes that characterize a particular group of people |
Exports | products and services that are produced in one country and sent to another |
Imports | products and services that are brought in to another country to be sold |
Marketing Expansion | increasing market share for a product or service within a given market in a given area |
Product Life Cycle | the business cycle determined by changes in the type of competition faced by a product; the four stages are introduction, growth, maturity, and decline |
Quota | a limit on the amount of a product that can be imported into a country over a particular period of time |
Tariff | a tax on imports |
Trade Barriers | methods for keeping foreign businesses from competing with domestic producers |