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10 Cards in this Set
- Front
- Back
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includes all of the businss activities
*inports and exports |
international business
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things we buy from other countries
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imports
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goods and services we sell to other countries
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export
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the value of a currency in one country compared with the calue of a currency in another
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exchange rate
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the limit
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quota
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tariff
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tax that goverment places on certain imported products
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embargo
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if a goverment wishes to do so, it can stop the export or import of a product completely
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difference between a country's total exports and total imports
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balance of trade
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difference between the amount of money that comes into a country and the amount that goes out of it
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balance of payment
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organization that conducts business in several countries and has management capable of doing business worldwide
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multinational company or corporation (MNC)
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