cha 3
| Description: | cha 3 |
| Category: | Business |
| Created by: | Sammy12 on 2009-09-10 |
| Question | Answer |
| wat is domestic business? | making buying and selling of goods and services |
| wat is international business | busines activites needed for creating shipping and selling |
| wat is foreign/world trade | another name for international business |
| wat is the exchange rate? | value of currency in one country copared with another. |
| wat are the three main factors that affect currency exchange rates? | balance of payments: economic conditions: political stability |
| wat are trade barriers | restrictions to free trade |
| wat is at tariff | tax on imported goods |
| wat is and embargo | stop the export or import of goods. |
| wat are the MNC strategies | global strategy and multinational strategy |
| wat is a joint venture | and agreement between two or more companies to share a business project. |
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