IGCSE Business Studies Key Terms 26

the rate at which one country's currency can be exchanged for that of another

the foreign country where a multinational sets up its operations

process by which countries connect with each other because of the trade of goods and services

the domestic country where a multinational starts/first establishes its operations

a physical limit on the quantity of goods that can be imported and exported

a group of countries that trade with each other and are usually part of a free trade agreement

an organisation that has operations in more than one country

a tax applied to the value of imported and exported goods

a currency is said to appreciate if the value increases with respect to another currency

a currency is said to depreciate if the value goes down with respect to another currency