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Chapter 5

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Term
Definition
show marketing that targets markets throughout the world  
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Global Vision   show
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Gross Domestic Product (GDP)   show
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Job Outsourcing   show
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show a company that is heavily engaged in international trade, beyond exporting and importing  
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show using more capital than labor in the production process  
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show production of uniform products that can be sold the same way all over the world  
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Multidomestic Strategy   show
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Mercosur   show
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Uruguay Round   show
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show a trade organization that replaced the old General Agreement on Tariffs and Trade (GATT)  
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General Agreement on Tariffs and Trade (GATT)   show
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North American Free Trade Agreement (NAFTA)   show
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Central America Free Trade Agreement (CAFTA)   show
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show a free trade zone encompassing 27 European countries  
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World Bank   show
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show an international organization that as a lender of last resort, providing loans to troubled nations, and also works to promote trade through financial cooperation  
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Group of Twenty (G-20)   show
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show selling domestically produced products to buyers in other countries  
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show an intermediary in the global market who assumes all ownership risks and sells globally for its own account  
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show an intermediary who plays the traditional broker's role by bringing buyer and seller together  
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Export Agent   show
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Licensing   show
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Contract Manufacturing   show
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show when a domestic firm buys part of a foreign company or joins with a foreign company to create a new entity  
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Direct Foreign Investment   show
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Floating Exchange Rates   show
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show the sale of an exported product at a price lower than that charged for the same or a like product in the "home" market of the exporter  
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Countertrade   show
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