Marketing Chapter 3&4:(

Creating specially designed products or promotions for certain countries or regions.

An international trade agreement among the United States, Canada, and Mexico.

The exchange of goods and services among nations.

A business enterprise that a domestic company and foreign company undertake together.

A midsize or smaller company that has operations in foreign countries.

The establishment of a business in a foreign country.

Resources that are compromised of land, labor, capital, and entrepreneurship

A company use of a product or promotion and changes are made to better fit a country or region.

Someone who creates. launches, and manages a business and takes the risk of business ownership.

Recurring changes in economic activity.

The differences between wants and needs and available resources.

The organized way a nation provides for the needs and wants of its population.

Commercial exchange between nations that is run on free market principals w/o regulations.

Measures the change in price over a period of retail goods used by the average household.

An economic system in which habits, traditions, and rituals, answers what, how, and for whom.

Ideas or actions intended to deal with a problem or situation.

An economic system in which there is no government involvement in economic decisions.

The output of goods and services produces by labor and property located within a country.

Rising prices

The total dollar value of goods and services produced by a nation.

Goods and services sold to other countries.

A period of economic slowdown that lasts for at least two quarters, or six months

The term where a period of renewed economic growth following a recession or depression.

Goods and services purchased from other countries.

All the things used in producing goods and services.