Chap 5 Business in a Global Economy

4. The goods and services produced within a country’s borders and sold in another country are ____.

10. ___ is when a business sells the right to manufacture its products or use its trademark.

17. Negative balance of trade.

2. The shared beliefs, customs, practices, and social behavior of a particular group or nation is the ____.

11. Having people from different backgrounds, cultures, or demographics coming together in a group.

15. Parent company that owns a chain and the brand.

19. A government tax on imported goods.

29. A(n) ____________________ is any government action taken to control or limit the amount of imports.

14. An embargo that affects only certain goods.

21. A(n) ____________________ is a group of countries that join together to trade as if they are a single country.

6. The ____ is the difference between a nation’s exports and its imports.

24. The document listing the conditions and terms for importing and exporting products between countries is a __________

30. A government may impose a(n) ____________________ on imported goods to protect domestic businesses.

23. A(n) ____________________ is a limit on the amount of a product imported into a country during a specific period of

26. Buying and selling goods and services across national borders is called ____________________.

22. A business that operates in more than one country is called a ________________

27. ____________________ is the use of English by people with a different native language.

12. Person or company that buys the rights to use a brand.

9. A partnership of two or more companies that work together for a specific business purpose is called a ____.

1.____ is the connection made among nations when economies freely move goods, labor, and money across borders.

13. Total amount of money that comes into a country, minus the total amount of money that goes out for a specific period

3. The business activity involved in making, buying, and selling products within a nation’s borders is ____ business.

18. When a country specializes in producing a product at which it is relatively more efficient.

8. ____ is the process of sending and receiving messages between people of various cultures.

20. Goods and services that are produced within a country’s borders and sold in another country.

16. All the business activities involved in making, buying, and selling products within a nation’s borders.

25. ____________________ is the connection made among nations when economies freely move goods, labor, and money across

28. A(n) ____________________ is a body of laws related to the exchange of goods and services for international trade.

7. Planning and managing the flow of goods, services, and people to a destination is ____.

5. A(n) ____ a group of countries that have reduced or eliminated trade barriers among themselves.