Ch 5 Test Review

Some barriers to trade include embargos, tariffs, and quotas.

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

The business activity involved in making, buying, and selling a product within a nation's border is _____ business.

The goods and services produced within a country's borders are sold in another country are _____.

The shared beliefs, customers, practices, and social behavior of a particular group or nation is the __________.

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

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

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

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

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

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

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

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

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