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15 Cards in this Set
- Front
- Back
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What is Domestic Business?
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Making, Buying, Selling Goods and Services within One Country
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What is a Tariff?
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a tax placed on imported products to make them more expensive than domestic products
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Explain why some American companies outsource their manufacturing processes
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Because its cheaper.
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All business activities needed to: Create, Ship, Sell
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true
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Importing is bringing goods into the country, exporting is shipping goods out.
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True
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What is Protectionism?
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limiting trade with other countries to protect business at home
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What is a Quota?
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limit placed on the quantities of a product that can be imported
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Exchange rates change daily.
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true
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Match each letter with the correct answer.
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Favorable- when the value of a country’s currency goes up compared to another country’s currency. Unfavorable- when the value of a country’s currency goes down compared to another country’s currency |
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