International Business

The difference between the abount of money that comes into a country and the amount that goes out.

Uses the same product and marketing strategy worldwide.

When a country specializes in the production of a good or service at which it is relatively more efficient.

Items bought from other countries.

To regulate international trade, governments set a limit on the quantity of a product that may be imported or exported.

Main factors affecting the international business environment.

When the government stops the export of import of a product completely.

Benefits of MNC

The value of a country's currency is likely to decline as a result of

An organization that does business in several countries.

Government actions that create restrictions to free trade.

Formal trade barriers include

The cost of using someone's money.

Which factors affect the value of a country's currency?

Example of International Career

The key factors that affect a country's level of economic develoment.

When a country's imports exceed its exports.

When a country can produce a good or service at a lower cost than other countries due to an abundance of a resource.

Business activities including creating, shipping and selling goods and services across national boarders.

When members do away with duties and other trade barriers.

When countries agree to remove duties (import taxes) and trade barriers on products traded among them.

A nation's transportation, communication, and utility systems.

A selected area where products can be imported duty-free and then stored, assembled and/or used in manufacturing.

Informal trade barriers include

The process of exchanging one currency for another.

The accepted behaviors, customes and values of a society.

The difference between a country's total exports and total imports is called?

MNC Strategies

Goods and services sold to other countries.

Treats each country market differently.

When a nation receives more money in a year than it pays out.

A tax that governments use to control international trade.

The value of a currency in one country compared with the value in another.

When a country sends out more money than it brings in through investments, military aid and/or toursim.