Save
Upgrade to remove ads
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Intro to Business #2

QuestionAnswer
Imports Items bought from other countries
Exports Goods and Services sold to other countries
Balance of Trade Difference between countries total exports and imports
Balance of Payments Difference between the amount of money that comes into a country and goes out
Exchange Rate Value of a currency in one country compared with the value in another
Infastructure Nations Transportation, communication and Ulity systems.
Trade Barrier Restrictions to free trade
Quota Governments limit on the quantity of a product that may be imported/exported
Tariff Tax government places on certain imported products.
Embargo Stop import or export completely
Multinational Company organization that does business in several countries.
Joint Venture Agreement between 2 or more countries to share a business product
Domestic Business All operations in one country
International Business Operates some way with another country
Advantages of International trade Increase in product choices, increase in sales, cheaper products
Disadvantages People loose jobs, regulations of products, dependency.
If exports greater then imports... Trade Surplus
If imports greater then exports... Trade Deficit
Exchange Rate Value of a currency in one country compared with the value in another
Factors that effect currency values Balance of Payments, Economic Conditions, Political Stability
Business's in other countries must consider four main factors Geography, Culture, Economics, Political/Legal factors
Free Trade Zone Area where products can be imported duty free
Free Trade Agreements Arrangement with other nations
Common Markets No duties or Trade barriers
Licensing Selling the right to use some intangible property
Franchising The right to use a company name or business
Joint Venture Agreement to share a business product, share costs and profits.
Created by: rhaskin9
Popular Business sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards