Business Principles - Chapter 3

_____________ is buying products from another country.

Export trading companies:

The _____________ is total amount of nation's exports compared to imports measured over time.

______ is the exchange of goods/services for other goods/services without exchange of money

____ is selling a product in foreign countries at lower price than is sold in producing country

A(n) __________ refers to a complete ban on importing or exporting of products from a country

Granting foreign company right to manufacture your product or use your firm's trademark for fee

A nation has ___________ if it can produce goods/services more efficiently than others

___ describes attitude held by American businesspeople that their culture is superior to others

____________ is the selling of products to another country.