International Business

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

Factors influencing exchange rates:

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

Franchisee is the person or company that buys the rights to use the brand.

NAFTA is a trade agreement that lowered trade barriers & opened markets among Canada, Puerto Rico, and the United States

Exports are goods and services that are produced within a country’s borders and sold within that country.

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

Franchisor is the parent company that owns the chain and the brand

_______________ is the cost to convert one currency into another.

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

Quota is when there is an unlimited amount of a product imported into a country during a specific period of time.

A trade barrier is when government action is taken to control or limit the amount of imports.

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

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

Imports are goods, services, and capital that are manufactured within a countries own borders.

Logistics is planning and managing the flow of goods, services, and people to a destination.

The ____ is the difference between a nation’s exports and its imports.

____ is the process of sending and receiving messages between people of various cultures.

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

Domestic business is all the business activity involved in making, buying, and selling product within a nation’s borders