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Int. Business
| Question | Answer |
|---|---|
| Culture | customs, beliefs, and social aspects of a group of people |
| Exports | products & services produced in 1 country and sold to another |
| Imports | " brought in from another country to be sold |
| Marketing Expansion | increase market share, within a given market |
| Product Life Cycle | changes in type of competition, introduction, growth, maturity, and decline |
| Quota | limit on the amount of a product can be imported into another country |
| Tariff | tax on imports |
| Trade Barriers | keeping foreign businesses from competing with domestic producers |