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Unit 8 Global busine

QuestionAnswer
Culture the customs, beliefs, values, and patterns of behavior of the people of a country or group
Domestic Goods products made in a country
Embargo the total ban from doing business with a country
Exchange Rate the value of one country's currency expressed in another
Export goods and services sold abroad
Foreign Goods goods made in other countries
Global Business business activities between countries
Global Competition competing with other countries
Import Goods brought in from other countries
Joint Ventures Two or more businesses that agree to provide a good or service
Multinational Company business willing to take commitment to businesses in other countries
NAFTA trading block consisting of US, Mexico, and Canada
Sanctions milder from an embargo but with the same concept
Strategic Alliances arrangements in which firms agree to cooperate in certain aspects of business
Tariff tax on imports
WTO international organization that creates and enforces laws governing trade among countries
Created by: jtroush
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