Globalization test review

Planning and managing the flow of goods and services to a destination

Connection made among nations when economics moves freely

Parent company that owns a chain and the brand

Activity involved in making, buying, and selling product within a nation's borders

When a business sells the right to manufacture its products or use its trademark

Process of sending and receiving messages between people of various cultures

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

The cost to convert one currency to another

Total amount of money that comes into a country, minus the total amount that goes out

Shared beliefs, customs, practices, and behavior of a group or nation

A group of countries that have reduced or eliminated trade barriers among themselves

When a country can produce goods more efficiently and at a lower cost than another country

Currency with an exchange rate set by the market forces of supply and demand

Goods and services produced within a country borders and sold in another country

when a country specializes in producing a product at wich it sis realtively more efficient

Negative balance of trade

The difference between a nation's exports and its imports

Having people form different backgrounds, cultures, or demographics coming together in a group

A group of countries that have reduced or eliminated trade barriers among themselves

Goods and services that are produced within a country and sold in another

Government tax on imported goods

Person or company that buys the right to use a brand

The business activity involved in making, buying and selling product within a nations borders

Shared beliefs and customs of a particular group or nation

An embargo that affects only certain goods

Partnership of two or more companies that work together for a specific business purpose