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Global Entrepreneurship (4.1) Flashcards | StudBud

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Global Entrepreneurship (4.1)

10 terms·StudBud Administration·130 plays

Entrepreneurship chapter 4 0 Global Opportunities

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Questions 10

Answers

1
Interconnected economies of nations of the world.
gross domestic partnership
domestic industries
outsourcing
global economy
2
Buying or bringing in goods from another country.
Importing
Exchanging
international trade
Receiving
3
An agreement between US, Mexico, and Canada that makes importing/exporting more profitable.
NAFTA
IBEX
EU
GDP
4
A type of trade barrier imposed as a tax.
NAFTA
Imported goods tax
Tariff
domestic goods
5
Has helped make it possible for a global economy to exist.
E-mail
Air transportation
Teleconferencing
Internet
6
A business that outsources the labor of a call center to India does so because . . .
their accent is easy for all countries to understand
the cost of labor is less expensive
people in India are natural salespeople
people in India are more tech savy
7
Gross domestic product (GDP)
products from the NAFTA and EU trading blocs
total value of goods and services produced all year
total value of all goods produced all year
Created by Dept of Commerce to track importers of US goods
8
Allows companies to offer larger selections at lower prices to consumers.
Free trade
Importing
North American Free Trade Agreement
Exporting
9
Selling or shipping goods to another country.
Exporting
Receiving
Importing
Distributing
10
Restrictions on goods entering or leaving a country.
restruction
trade barrier
international rules
tariff